Corn and Soy in the Green

Ahead of 9 a.m. CT, July corn was up 1¾¢ at $4.77¼ per bushel.

July soybeans were up 1½¢ at $10.46 per bushel.

July wheat contracts were mixed. CBOT wheat was up 5½¢ at $5.36¼ per bushel. KC wheat was up 2¼¢ at $5.31¾. Minneapolis wheat was down less than a penny at $5.96½.

This morning, USDA released the weekly U.S. Export Sales report.

“Corn sales were at the higher end of pre-report estimates, with over 1 million metric tons sold for old crop and nearly 250,000 metric tons sold for new…,” said Angie Setzer, partner at Consus Ag Consulting.

“Soybean sales were at the higher end of expectations as well, and [old-crop sales] were up over 50% from the previous week.”

June live cattle were up $1.65 at $210.05 per hundredweight (cwt) ahead of 9 a.m. CT. August feeder cattle were up $1.15 at $296.18 per cwt. June lean hogs were unchanged at $98.28 per cwt.

June crude oil was up 22¢ at $58.43 per barrel.

The U.S. Dollar Index June contract was up to 99.70.

June S&P 500 futures were up 65 points. June Dow futures were up 290 points.

Published: 9:53 a.m. CT