Posted at 10:35 a.m. – December corn is up 3/4 cents per bushel, January soybeans are up 14 1/2 cents, December KC wheat is up 1 1/4 cents, December Chicago- Wheat rose 1 cent and December Minneapolis wheat rose 5 1/4 cents higher. The Dow Jones Industrial Average rose 32.59 points and crude oil rose $1.16 a barrel in December. The US Dollar Index rose by 0.020 and gold fell by $10.20 an ounce in December. Soybeans and soybean oil extended gains, while wheat markets shrugged off initial weakness to rise despite dismal inspections last week. This would be the fourth consecutive higher close for wheat if the strength continues to the close. New sales of soybeans to China and more corn to Mexico were announced.
Posted 08:36 – In early Monday trading, December corn is up 1 1/4 cents per bushel, January soybeans are up 13 3/4 cents, December KC wheat is down 5 1/4 cents, Chicago- December wheat is down 4 cents 1/4 cent and December Minneapolis wheat is down 3 1/2 cents. The Dow Jones Industrial Average is up 98.29 points and crude oil is up $1.20 a barrel in December. The US Dollar Index is down 0.020 and gold is down $6.90 an ounce in December. Row crops extended Friday’s gains, led by soybeans, while wheat traders took profits after higher closes in the last two to three sessions. DTN weather analysts see Monday’s weather as positive for both corn and soybeans. Only sporadic showers are forecast for areas of central Brazil this week, while southern Brazil will see excessive rainfall again. The USDA reported private sales of 4.6 million bushels (126,000 tons) of soybeans to China in 2023-24 and 11.4 million bushels (289,575 tons) of corn to Mexico in 2023-24.
Posted on Sunday, November 5th at 7:05 pm CST – December corn is up 1 cent and January soybeans are up 4 3/4 cents. The northern edge of the Corn Belt will see rain on Sunday, but the weekend was mostly dry and favorable for crop progress. December KC wheat rose 3/4 cent and December Minneapolis wheat fell 1 1/4 cent. This weekend’s rains in the Pacific Northwest will improve winter wheat conditions ahead of winter. External markets are largely calm after fighting continued in eastern Ukraine and the Gaza Strip over the weekend. December crude oil prices rose $0.46 and Dow Jones futures rose 9 points. The US dollar index rose by 0.12 and the price of gold in December fell by $2.60. Dow Jones reported that Ukraine attacked a Russian shipbuilding facility in Crimea on Saturday, damaging one of Russia’s cruise missile carriers.
Posted at 11:43 a.m. – December live cattle are down $2.03 to $181.85, January feeder cattle are down $2.60 to $237.15, December lean hogs are down $0.70 to 72 $.45 up, corn up 2 1/2 cents a bushel in December and soybean meal down $6.60 in December. The Dow Jones Industrial Average rose 22.02 points. The beef cuts are lower at midday (selection 301.41 – 0.93, selection 271.04 – 0.97) with very light case movement (18 lds select cuts, 14 lds select cuts, 00 lds trim and 04 lds ground), with a Select pick/spread of 30.37. Today’s cattle slaughter project is 125,000. New show listings seem to be mixed, significantly higher in Kansas, higher in Texas, but lower in Nebraska/Colorado. Lunch pork cuts are 96.44, +9.16, with 103.14 total loads. An estimated 485,000 pigs will be slaughtered today.
Posted 8:38 a.m. — December live cattle are down $1.33 to $182.55, January feeder cattle are down $1.08 to $238,675, December lean pork is down $0.65 to 72, Up $4, corn up 1 1/2 cents per bushel in December and soybean meal down $3.60 in December. The Dow Jones Industrial Average rose 71.42 points. Last week’s trading was delayed until Friday last week, with Northern’s deals ranging from $290 to $294, mostly $292, or $2 above the previous week’s weighted averages. South live trade was $184 to mostly $185, about 0.50 less than the previous week’s weighted average. Bids and asking prices have not yet been finalized and significant trading volume this week is likely to be delayed until Wednesday or later.
(c) Copyright 2023 DTN, LLC. All rights reserved.
Comments are closed.