Posted at 10:33 a.m. – December corn down 3 1/4 cents per bushel, November soybeans up 1 3/4 cents, December KC wheat down 2 1/2 cents, Chicago wheat December is down 1 3/4 cents and December Minneapolis wheat is up 4 1/2 cents. The Dow Jones Industrial Average rose 380.33 points and crude oil fell $0.32 a barrel in November. The US Dollar Index is down 0.320 and gold is down $7.10 an ounce in December. For the week ending Oct. 12, corn export inspections totaled 17.1 MB, with cumulative inspections increasing 19% year-on-year. Soybean inspections totaled 73.9 MB, with cumulative inspections increasing 15% year-over-year. Wheat inspections totaled 13MB for the week, with total inspections down 8% compared to last year. Uncertainty remains across all markets as tensions rise in the Middle East.
Posted 08:34 – December corn is down 2 3/4 cents per bushel, November soybeans are up 2 3/4 cents, December KC wheat is down 5 cents, December Chicago wheat is up 1 /4 cents down and December Minneapolis wheat is down 3/4 cents. The Dow Jones Industrial Average rose 229.82 points and crude oil fell $0.61 a barrel in November. The US Dollar Index fell by 0.220 and the USDA announced two new export sales for 2023-24: sale of 200,000 metric tons (7.9 million metric tons) of corn to Mexico and sale of 183,000 metric tons of soybean meal to the Philippines. Soybeans and soybean oil are showing some strength early Monday, while corn and wheat markets are now weakening, with Chicago only slightly higher on China rumors.
Posted at 7:05 p.m., Sunday, October 15 – December corn is up 2 3/4 cents per bushel, November soybeans are up 7 1/4 cents per bushel. In December, KC wheat rose 1 cent per bushel, in December, Chicago wheat rose 2 1/4 cents per bushel, and in December, Minneapolis wheat rose 3/4 cent. The Dow Jones Industrial Average rose 77 points to 33,670.29, the U.S. dollar index fell 0.100 to 106.54 and crude oil fell $0.19 a barrel to $87.50 in November. Grain and soy markets open mostly mixed to mostly higher, with corn, soybeans and bean products lined up to start. The Israel-Hamas conflict escalated as Israel was about to launch a ground offensive in Gaza. Crude oil was expected to be firmer, but the price is slightly lower to begin with. The weather is mostly clear after rain over the weekend due to the upcoming harvest. Rumors continue to circulate about additional Chinese demand for U.S. common wheat.
Posted at 11:41 a.m. — December live cattle are up $0.08 to $186,825, November feeder cattle are down $1.28 to $250.3, December lean hogs are up $1.13 to 68,375 $ decreased, December corn was down 3 cents per bushel and December soybean meal was down $2.20. The Dow Jones Industrial Average rose 324.13 points. Estimated show lists seem to be mixed – higher in Kansas, slightly lower in Nebraska/Colorado, but lower in Texas. Currently, bids and asking prices have yet to be determined in the cash cattle market, but asking prices are expected to be higher early in the week than last week.
Posted 8:39 a.m. — December live cattle are up $0.90 to $187.65, November feeder cattle are up $0.45 to $252,025, December lean hogs are up $0.38 to $69,125 down, corn down 1 3/4 cents per bushel in December and soybean meal down $1.90 in December. The Dow Jones Industrial Average is up 235.60 points. Last week’s northern dressing cattle sales were $288 to $294, mostly $292, and $3 higher than the previous week’s weighted averages. Live deals from the South were $182 to $184, mostly at $183, up $1 from the previous week’s weighted averages.
(c) Copyright 2023 DTN, LLC. All rights reserved.
Comments are closed.