Soybeans up 6¢ at market open. Thursday, March 9, 2023
At the market open corn is down 1⁄2 of a penny.
Soybeans are up 6¢.
CBOT wheat is down 3¢. KC wheat is down 4¢. Minneapolis wheat is up 5¢.
USDA announced new exports this morning of 184,000 metric tons of soybeans to unknown destinations for the 2022/2023 marketing year.
The weekly exports report is also out this morning from USDA.
Corn exports last week exceeded trade expectations, coming in at 1,412,100 metric tons for 2022/2023. This is 57% higher than the prior 4-week average, according to USDA.
Live cattle are up 8¢. Lean hogs are up 23¢. Feeder cattle are up 40¢.
Crude oil is up 84¢.
S&P 500 futures are up 12 points. Dow futures are up 159 points.
Outside of the U.S., milling wheat is down on the European MATIF trade. On the Chinese Dalian trade, corn is up while soybeans are down.
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