(Illustration by Nick Scalise)
OMAHA (DTN) – Crop prices are mostly lower after Thursday’s 8:30 a.m. CDT open, partly in response to Wednesday’s excitement over a possible attack on the Kremlin. July corn is down 7 cents and July soybeans are down 10 1/4 cents. Weekly export sales were again disappointing with a net cancellation of 12.4 million bushels for corn linked to earlier announcements of cancellations from China. KC July wheat is down 12 3/4 cents and Minneapolis July wheat is down 9 3/4 cents. Thursday’s drought monitor showed slight improvement in a small portion of the southwestern plains, but also an extension of unusually dry conditions in Missouri and Illinois. June crude oil is down $0.08 and Dow Jones futures are down 76 points. The US Dollar Index is up 0.08 and Gold is up $4.00 in June.
Posted at 8:35 am — Live cattle in June are up $0.25 to $161.9, feed cattle in August are up $0.60 to $224.125, lean hogs in June are up $0.68 Down $87.325, corn down 7 3/4 cents a bushel in July and soybean meal down $4.90 in July. The Dow Jones Industrial Average is down 64.80 points. Net beet sales of 20,100 tonnes for 2023 were well above the previous week and 59% above the average for the previous four weeks. The three largest customers were Japan (4,700 mt), South Korea (3,600 mt) and China (3,400 mt). Pork net sales of 49,000 tons for 2023 fell 9% from the previous week but rose 15% from the four-week average of the previous week. The three main customers were Mexico (14,600 tons), China (14,200 tons) and South Korea (7,700 tons).
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