Weekly export sales were down sharply and a disappointment overall. Soybean and wheat sales each fell considerably below expectations while corn sales narrowly beat estimates on the low end. China was the biggest buyer of soybeans with Japan and Mexico the largest buyers of corn
Selected grain contracts at settlement...
Another day in which pre-trade meet optimism slowly bled away. Major new purchase commitments from China needed to reignite...
Dec CORN: down 7¾ cents to $5.29
Nov SOYBEANS: down 7½ cents to $13.18
Dec WHEAT: down 8¾ cents to $7.08½
The cattle markets bounced back strongly today after yesterday's pullback. The most active contracts reside near the middle of recent support and resistance levels...
December live cattle picked up $2.90 to wind up at $222.35 while November feeders added $6.30 to $329.50
3.9 million corn bushels to Mexico...
"Private exporters reported sales of 100,000 metric tons of corn for delivery to Mexico during the 2026/2027 marketing year"
Near-term rain across the U.S. is slowing some Midwestern harvesting while delivering crucial moisture for newly seeded winter crops in Southern Russia. Meanwhile, persistent dryness in Western Argentina and Central Brazil keeps soil conditions tight as planting gets underway
A two session winning streak for hogs is surely welcome but coming off Friday's contract lows, it still leaves plenty of reason to doubt if the rebound will continue...
December hogs added another $1.20 today to finish at $71.00
Selected grain contracts at settlement...
Grains were up big from start to finish on the hope for expanded Chinese ag purchasing as well as harvest weather delays...
Dec CORN: up 15½ cents to $5.43
Nov SOYBEANS: up 24½ cents to $13.28
Dec WHEAT: up 12½ cents to $7.26¾
