Corn and Wheat In the Green

Ahead of 9:30 a.m. CT, December corn was up less than a penny at $4.16¼ per bushel.

November soybeans were down 1¼¢ at $10.06 per bushel.

September CBOT wheat was up 3½¢ at $5.50½ per bushel. September KC wheat was up 5¢ at $5.29 per bushel. September Minneapolis wheat was up 5¼¢ at $6.36¾. 

This morning, USDA released the weekly U.S. Export Sales report. The Brock Report offered this commentary of the report:

“Net U.S. corn export sales for the week ended July 3 came in at 84.7 million bushels, including 49.7 million for 2024/2025 delivery, easily topping trade estimates that ran 15.5-55 million bushels and the previous week’s sales of 58 million bushels. This news should offer support for corn prices.

“Net weekly U.S. soybean export sales came in at 27.6 million bushels, including 18.5 million for 2024/2025 delivery, in line with trade estimates that ran 11-33 million bushels and above the previous week’s sales of 25.8 million bushels.

“Net weekly U.S. wheat export sales came in at 21.2 million bushels, near the high end of trade estimates that ran 7.5-22 million bushels and slightly below the previous week’s sales of 21.5 million bushels.”

USDA also announced new sales this morning to unknown destinations. Unknown destinations are buying 110,000 metric tons of corn for the 2025/2026 marketing year.

August livestock were mixed as of 9:25 a.m. CT. Live cattle were up $2.50 at $222.28 per hundredweight (cwt). Feeder cattle were up $5.95 at $326.43 per cwt. Lean hogs were down 8¢ at $107.15 per cwt.

August crude oil was down $1.17 at $67.21 per barrel.

The U.S. Dollar Index September contract was up to 97.53.

Published: 9:49 a.m. CT