Posted 10:38 – July Corn is down 1 1/4 cents a bushel, July Soybeans are down 27 1/4 cents, July KC Wheat is down 20 cents, July Chicago Wheat is down 15 Down 1/4 cent and Minneapolis wheat in July is down 8 1/2 cents. The Dow Jones Industrial Average is down 347.37 points and July crude is up $2.43 a barrel. The US dollar index is up 0.300 and gold is down $15.40 an ounce in August. Grain and soy markets remain lower on strong selling in beans and wheat, with only bean oil higher in July after crude oil futures rallied sharply. At the moment, with planting progress likely to take a big leap this week, the weather in the first half of June is looking quite mild, which will benefit the newly planted plants.
Posted at 8:34 am – July Corn is up 3/4 cents a bushel, July Soybeans are down 19 cents, July KC Wheat is down 7 1/2 cents, July Chicago Wheat is up Down 12 cents and July Minneapolis Wheat is up 2 1/4 cents. The Dow Jones Industrial Average is down 247.91 points and crude oil is up $0.31 a barrel in July. The US dollar index is up 0.160 and gold is down $6.20 an ounce in August. Only corn and Minneapolis wheat are staying afloat, while wheat and the soy complex are under severe pressure. The USDA announced new sales of old corn to undisclosed destinations: 101,600 tons (4 million bushels) were sold for 2021-22.
Posted at 11:35 am – OMAHA (DTN) – Live cattle are up $0.23 in August to $134.35, feed cattle are up $0.68 in August to $173.625, lean hogs are up $0.80 in July to $111.375, corn in July down 2 cents a bushel and soybeans in July Food is down $5.90. The Dow Jones Industrial Average is down 299.53 points. With the corn market trading broadly steady, feeders continue to push into Friday afternoon as their market finds ample support. The live cattle market is also trending slightly higher but is not as confident as live cattle traded lower by $2.00 over the past week.
Posted at 08:34 – Live cattle in August are down $0.35 to $133.775, feed cattle in August are down $0.20 to $172.75, lean hogs in July are down $0.15 to $112.025 $ fell, corn is up 1 1/4 cents a bushel in July and soybean meal is down $2.10 in July. The Dow Jones Industrial Average is down 273.00 points. Net beef sales of 17,900 tonnes for 2022 were 11% below the previous week and 17% below the previous four week average. The three largest customers were Japan (6,000 t), China (4,800 t) and South Korea (2,700 t). Pork net sales of 31,900 tonnes for 2022 fell 13% from the previous week but rose 15% from the previous four-week average. The top three buyers were Mexico (13,000 tons), China (9,000 tons) and South Korea (3,900 tons).
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