Corn and wheat sales were each up over recent weeks while soybeans took a dip. Corn sales of 769,500 MT were up 44% vs the week prior and up 28% vs the prior 4 week average. Wheat sales were up 56% vs the week prior and 68% over the 4 week average
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Back to ReportsSelected grain contracts at settlement...
A surging U.S. Dollar and some profit taking combined to offset most of yesterday's across the board gains for grains...
Dec CORN: down 6 cents to $5.02
Nov SOYBEANS: down 5½ cents to $12.97½
Dec WHEAT: down 17¾ cents to $6.86½
Fresh selling interest and broken support provided a clear answer as to whether or not hog futures were ready to break out to the topside...
December hogs fell $1.27½ to end the day at $69.10
Weekly ethanol production surged to 1.053 million bpd as expanding operating margins incentivized higher processing rates. However, the current cumulative grinding pace continues to track below the annualized volume needed to meet the USDA's full-year corn consumption target
Selected grain contracts at settlement...
A Black Sea vessel attack near a previously reliable route and the growing belief in coming yield cuts spurred today's action...
Dec CORN: up 10¾ cents to $5.08
Nov SOYBEANS: up 22¼ cents to $13.03
Dec WHEAT: up 12 cents to $7.04¼
Big jump in cattle futures today, though it not quite as pronounced on the cash side...
December live cattle bounced $4.12½ to $224.10 while November feeders jumped $8.15 to $338.27½
Selected grain contracts at settlement...
Overnight momentum slowed throughout the day and larger gains for soybeans and wheat bled away while corn cooled entirely...
Dec CORN: down ½ cent to $4.97¼
Nov SOYBEANS: up 2½ cents to $12.80¾
Dec WHEAT: up 9¼ cents to $6.92¼
Hogs showing signs of having bottomed out in the wake of a record net short position reached last week by the funds...
December hogs added 82.5 cents to finish at $70.95
