Corn Sentiment: 4/10 Mildly Bearish
Beneficial Midwestern rain has combined with swift domestic planting advancement to alleviate early-season dryness anxiety. Expanding global supply expectations and macro energy pressure continue to weigh heavily on market enthusiasm
Selected grain contracts at settlement...
A quiet, uneventful day with light volume ahead of the extended 3 day break. Have a great Memorial weekend everybody...
July CORN: up 1 cent to $4.63¼
July SOYBEANS: up 2¼ cents to $11.96½
July WHEAT: down 1¼ cents to $6.46¼
Mostly flat day for live cattle but the steep decline for feeders continued today...
August live cattle picked up 25 cents to close at $239.60 while August feeder cattle were clipped another $6.67½ to finish the week at $349.85
23.8 million bushels to Mexico and unknown...
493,700 MTs to Mexico. 225,000 MTs is for delivery in the 25/26 MY, and 268,700 MTs is for delivery in the 26/27 MY 110,000 MTs to unknown. 50,000 MTs is for delivery in the 25/26 MY, and 60,000 MTs is for delivery in the 26/27 MY
Selected grain contracts at settlement...
A fairly strong export sales report was not enough to offset falling oil prices and progress towards a deal with Iran...
July CORN: down 3½ cents to $4.62¼
July SOYBEANS: down 5½ cents to $11.94¼
July WHEAT: down 13 cents to $6.47½
As with the other ag markets on this day, better export sales did little to prevent a selloff...
July hogs fell $1.95 to finish the day at $100.02½
Big rebound for corn exports on today's export sales report for the week ending May 14. Corn sales far surpassed expectations and were 71% higher than the prior 4 week average. Soybean sales were also up 62% from the prior 4 week average, while wheat sales were up more modestly
Selected grain contracts at settlement...
Profit taking was to be expected after Monday's climb with no fresh catalyst. Trade doubts and better weather as well...
July CORN: down 9½ cents to $4.65¾
July SOYBEANS: down 9¾ cents to $11.99¾
July WHEAT: down 6¾ cents to $6.60½
