Soybeans Down Nearly 17¢. Thursday, Jan. 30, 2025
Shortly past 9 a.m. CT, March corn was down 6¾¢.
March soybeans were down 16½¢.
March wheat contracts were mixed. CBOT wheat was down 1¼¢. KC wheat was up less than a penny. Minneapolis wheat was unchanged.
This morning USDA released the weekly U.S. Export Sales report. The Brock Report offered this commentary of the report:
“Net U.S. corn export sales for the week ended Jan. 23 came in at 55.3 million bushels, in line with trade expectations that ran 31.5-71 million, but down from the previous week’s 65.8 million. The data is likely to be neutral for corn prices.
“Net weekly U.S. soybean export sales came in at 16.3 million bushels, slightly below trade expectations that ran 16.5-62.5 million, and down from the previous week’s sales of 54.8 million. The sales data looks negative for soybean prices.
“Net weekly U.S. wheat export sales came in at 17.6 million bushels, near the high end of trade expectations that ran 5.5-18.5 million, and up from the previous week’s 6.1 million. The sales data looks mildly supportive for wheat prices.”
April live cattle were down 23¢ shortly past 9 a.m. CT. March feeder cattle were up 73¢. April lean hogs were up 40¢.
March crude oil was up 55¢.
The U.S. Dollar Index March contract was down to 107.55.
March S&P 500 futures were up 20 points. March Dow futures were up 66 points.
Further development of the grain sector in the Black Sea and Danube region will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv.
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