Posted at 10:33am – December Corn is up 7 1/2 cents a bushel, November Soybeans are up 26 1/4 cents, December KC Wheat is up 6 cents, September Chicago Wheat is up Up 5 1/2 cents and September Minneapolis Wheat is up 7 1/4 cents. The Dow Jones Industrial Average is up 84.11 points and crude oil is up $0.06 a barrel in September. The US Dollar Index is down 0.030 and Gold is down $0.90 an ounce in December. Grain futures have extended gains since the open this morning, marked by Russia’s attack on a Ukrainian Danube grain plant along with an extended Midwest forecast, which is highly uncertain due to model discrepancies and supporting features. The Energy Information Administration reports that U.S. ethanol production averaged 1.069 million barrels for the week ended August 11, up 46,000 bpd from the previous week and up 8% from the same week in 2022. Ethanol blending rose in up 5,000 bpd over the past week, while down at 3,000 bpd or 0.3% from the same week last year. Ethanol inventories are reported at 23.435 million barrels, up 555,000 barrels for the week and 11,000 barrels below last year’s level.
Posted at 8:37 am – December Corn is up 4 cents a bushel, November Soybeans are up 18 1/4 cents, December KC Wheat is up 3/4 cents, September Chicago Wheat is up Up 4 1/4 cents and September Minneapolis wheat up 6 3/4 cents. The Dow Jones Industrial Average is up 18.85 points and crude oil is up $0.10 a barrel in September. The US Dollar Index is down 0.050 and Gold is down $1.80 an ounce in December. Soybeans and bean oil lead early Wednesday on a correction to Tuesday’s losses, supported by forecasts of upcoming hot and dry weather and rising demand for bean oil. Corn and wheat are up slightly after another Russian attack on port infrastructure against Ukraine.
Posted at 11:30 am – Live cattle down $0.40 in October to $179.575, feed cattle in September down $0.68 to $249.1, lean hogs down in October Down $0.08 to $78.125, corn is up 6 1/2 cents a bushel in December and soybean meal is up $2.60 in December. The Dow Jones Industrial Average is down 21.49 points. In the south, there was slight movement in cattle, which traded at a price of $179, down about $1.00 from last week’s weighted average. Bids of $185 for live animals and $294-$295 for clothed animals are currently on offer in the North, but feedlots have yet to accept those offers as they at least want stable prices again this week.
Posted 8:35 am — Livestock is up $0.05 in October to $180.025, Feedstock is down $0.25 to $249.525 in September, Lean Hogs are up $0.38 to $78.575 in October, Corn is up 3 1/4 cents a bushel in December and soybean meal is up $1.50 in December. The Dow Jones Industrial Average is up 11.78 points. The livestock complex is finally getting some support as traders find comfort in high packaged beef prices. A little trading was reported in the north on Tuesday afternoon, but not enough to say there was any trend emerging for the week. Asking prices remain stable at $181-$182 in the South.
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