Selected grain contracts at settlement...
More of the same for the soybean market today as broken support pushes smaller players out of previous long positions...
Dec CORN: up 1½ cents to $5.02¼
Nov SOYBEANS: down 9 cents to $12.84
Dec WHEAT: up 7 cents to $6.82¾
Falling feed prices continue to clear the way for the cattle markets to build strength...
December live cattle inched up 47.5 cents to $223.17½ while November feeder cattle added $2.05 to finish at $336.35
This morning's export sales report continued to show sales for both corn and wheat near the bottom of expectations. Weekly soybean sales rebounded somewhat to come in narrowly above lowered expectations. Mexico (corn) and China (soybeans) were the big buyers
Selected grain contracts at settlement...
The USDA delivered some surprises today, raising corn stocks sharply and painting a less dire picture for the wheat market...
Dec CORN: down 21¼ cents to $5.00¾
Nov SOYBEANS: down 4¾ cents to $12.93
Dec WHEAT: down 17 cents to $6.75¾
A relatively flat day in the hog markets while cattle futures were busy bouncing on the pullback in feed grains...
December hogs dipped 27.5 cents to end the day at $69.42½
Projected 2026-2027 U.S. wheat production was raised today by the USDA versus estimates made in August. December wheat is down 14 cents in the aftermath
The USDA lowered 2025 production for corn by 57 million bushels on lower harvested acres. The reduction for 2025 soybeans was by a mere 1 million bushels. Despite lower '25 production, Dec corn is down 16 cents on much higher current supply
In today's quarterly stocks report the USDA pins soybean and wheat stocks below expectations going in while posting a corn number well above what was expected and nearly 26% higher than this time last year
