Soybeans up 16¢ this morning. Monday, August 14, 2023
December corn is currently down 5¢.
November soybeans are up 16¢.
CBOT wheat is down 17¢. KC wheat is down 15¢. Minneapolis wheat is down 5¢.
“Soybean futures have rallied in early trade on support from Friday’s lower USDA forecast for 2023-24 ending stocks and worries hotter weather forecast for next week could hurt yields,” said The Brock Report this morning prior to the 8:30 a.m. CDT open.
“Corn futures have drifted lower under pressure from technically-driven selling, Midwest rains and wheat market weakness, with losses limited by soybean price strength. Wheat futures have extended losses with traders brushing off news that a Russian warship had fired warning shots at a cargo ship in the Black Sea.”
This morning USDA announced the sale of 416,000 metric tons of soybeans to unknown destinations, to be delivered during the 2023/2024 marketing year.
October livestock are are mixed this morning. Live cattle are up 18¢. Lean hogs are down $1.83. Feeder cattle are down 10¢.
Crude oil is down 75¢.
S&P 500 futures are down 3 points. Dow futures are down 75 points.
Read also
Mexico creates state seed company to reduce dependence on imported seeds
Turkey allocates new quota for duty-free import of 1 mln tons of corn
US Soybean Meal Shipments to Philippines to Increase in Next 5 Years
Pakistan Faces Sharp Decline in Corn Exports Amid Rising Feed Demand and Regulator...
European Commission plans smooth transition between trade regimes with Ukraine
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon