Corn and Soy in the Green This Morning

As of 8:43 a.m. CT, December corn was up 1½¢ at $4.18½ per bushel.

November soybeans were up 7½¢ at $10.32¾ per bushel.

December CBOT wheat was up less than a penny at $5.15¾ per bushel. December KC wheat was down 2¼¢ at $5.04¾ per bushel. December Minneapolis wheat was down 1½¢ at $5.68.

This morning USDA released the weekly U.S. Export Sales report. The Brock Report offered this analysis concerning corn and soybean sales:

“Net U.S. corn export sales for the week ended Sept. 4 came in at 67.3 million bushels, compared with trade expectations that ran 35.5-67 million bushels and the previous week’s net sales of 72.2 million bushels. But the weekly total included only 21.7 million bushels in new sales, along with a carryover of 46 million in undelivered sales from 2024/2025. The new sales data looks negative for corn prices.

“Net weekly U.S. soybean export sales came in at 48.1 million bushels, compared with trade expectations that ran 14.5-37 million bushels, and the previous week’s net sales of 29.2 million bushels. But the weekly sales total included new sales of only 19.9 million bushels, along with a carryover of 28.2 million bushels in undelivered sales from 2024/2025. China remained absent from the export sales report, which on balance looks negative for soybean prices.”

Ahead of 9 a.m. CT, October live cattle were up 93¢ at $232.08 per hundredweight (cwt). October feeder cattle were up 85¢ at $351.25 per cwt. December lean hogs were up 28¢ at $88.55 per cwt.

October crude oil was down $1.19 at $62.48 per barrel.

The U.S. Dollar Index September contract was down to 97.58.

The S&P 500 Index was up 16.96 points, and the Dow Jones Industrial Average was up 181.64 points. 

Published: 9:11 a.m. CT