Soybeans start day 7¢ in the green. Thursday, August 3, 2023
December corn is currently down 4¢ while November soybeans are up 7¢.
CBOT wheat is down 8¢. KC wheat is down 13¢. Minneapolis wheat is down 8¢.
This morning USDA announced the sale of 134,000 metric tons of soybeans to China for the 2023/2024 marketing year.
The weekly USDA Export Sales report was also released this morning. Old-crop corn export sales fell below expectations at 107,500 metric tons (MT) while old-crop soybean export sales fell within expectations at 90,600 MT.
New-crop soybean sales exceeded expectations at 2,630,700 MT. New-crop corn and wheat export sale fell within the expected range at 348,900 MT and 421,300 MT respectively.
October livestock are in the red this morning. Live cattle are down 30¢. Lean hogs are down $2.63. Feeder cattle are down 23¢.
Crude oil is up 68¢.
S&P 500 futures are down 18 points. Dow futures are down 92 points.
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