The USDA announces over 52 million combined bushels of new soybean sales...
712,000 metric tons of soybeans for delivery to China during the 2026/2027 marketing year
720,000 metric tons of soybeans for delivery to unknown destinations during the 2026/2027 marketing year
Selected grain contracts at settlement...
No big surprises from the final stops of the crop tour and grains slowed via some technical and selling resistance today...
Dec CORN: up 5½ cents to $5.03½
Nov SOYBEANS: down ¾ cent to $12.36½
Dec WHEAT: up 2½ cents to $7.00
Disappointing export sales, down 25% vs the prior week and down 15% from the 4 week average, offered no aid to the fledgling hog markets today...
October hogs fell $1.27½ to $80.22½
5.5 million new crop soybean bushels announced to unknown...
Private exporters reported sales of 150,000 metric tons of soybeans for delivery to unknown destinations during the 2026/2027 marketing year
Weekly export sales came in near the middle of estimates across the board with wheat sales the standout as the total was up 54% versus the week prior. Soybean sales were a near match to last week, while corn sales too a dip. 41.6 mb of new crop soybeans to China
Selected grain contracts at settlement...
More lackluster crop reports from the tour, this time in Illinois and Iowa. Russian and Ukrainian export capability down 97%...
Dec CORN: up 10 cents to $4.98
Nov SOYBEANS: up 20½ cents to $12.37¼
Dec WHEAT: up 16¼ cents to $6.97½
Yesterday's narrow gains proved to be an anomaly as the cattle markets resumed their slide today...
October live cattle fell $1.70 to $217.22½ while September feeder cattle dropped $4.22½ to $329.12½
Weekly corn usage for ethanol dipped to 107 million bushels, averaging 15.27 mb per day to fall just short of the 15.4 million daily bushels needed to meet the USDA forecast. Total MY to date corn usage reached 5.287 billion bushels, putting the annualized pace at 5.546 bb
