A bout of swine fever in Spain helped drive small gains in the hog market today...
February hogs added 42.5 cents to wrap up the week at $82.27½
Have a great weekend everyone!
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Back to ReportsSelected grain contracts at settlement...
Grain markets move in sync downward as rain outlook improves in Brazil and China's U.S. soybean commitment further doubted...
Mar CORN: down 2½ cents to $4.44¾
Jan SOYBEANS: down 14¼ cents to $11.05¼
Mar WHEAT: down 4½ cents to $5.35¾
At midday the corn price is trying to stay near the declining upper trend line and sitting near the middle of the recent range. Wheat is sitting near support in a 14 cent range and soybeans are extending the downward trend to push the Jan contract down about 30 cents this week
Soybean basis at the Gulf was higher on Chinese demand while steady at processors but higher at river terminals with concern for getting beans to the Gulf and slow farmers sales
Corn basis at the Gulf was flat while basis at elevators and processors was mostly steady to higher. River terminals also pushed basis higher as low water levels and slow farmers sales prompted buyers
Corn prices have moved $2-$3/MT higher following the bump in the futures price while wheat prices moved $1-$2/MT higher for U.S. wheat while the Russian price is steady. Brazil dropped their bean price $9/MT and captured the market
The USDA has reported another private export sale of 462,000 metric tons (17 million bushels) of soybeans to China for the 2025/2026 marketing year
