Soybeans up 5¢. Tuesday, October 10, 2023
December corn is currently down 3¼¢.
November soybeans are up 5¢.
CBOT wheat is down 12½¢. KC wheat is down 15¢. Minneapolis wheat is down 8¾¢.
Today the weekly Crop Progress report is expected from USDA. Al Kluis, managing director of Kluis Commodity Advisors, says he expects the report to show corn harvest is roughly 33% complete and soybean harvest is nearly 50% complete.
Thursday USDA will release the monthly World Agricultural Supply and Demand Estimates (WASDE) report.
“We’ve seen great export numbers for corn specifically over the past few weeks so it will be interesting to see how that is reflected in the WASDE report, but it will also be important to see if any changes are made to the expected yields,” says Jeremy McCann, account manager with Farmer’s Keeper. “In conversations with my producers the story of harvest thus far has been ‘a mixed bag’ but ‘better than expected.'”
Livestock are in the green this morning. Live cattle are up 60¢. Lean hogs are up 30¢. Feeder cattle are up $1.65.
Crude oil is down 91¢.
S&P 500 futures are up 26 points. Dow futures are up 150 points.
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