:max_bytes(150000):strip_icc()/Corn-harvest-John-Deere-combine-North-Dakota-Lee4-d38eaec16d2f4354b26b67d45246c82d.jpg "The Corn Market Works to Explain Itself")
:max_bytes(150000):strip_icc()/50700705632_ba98e91130_k-2-2000-2a1e63cc2630404ba41279b66c320253.jpg "What’s in the EU’s Countermeasures to U.S. Tariffs?")
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December corn ended the day up 3¼¢ at $4.20¾ per bushel.
November soybeans closed up 1½¢ at $10.24¼ per bushel.
September CBOT wheat ended the day up a penny at $5.41½ per bushel. September KC wheat closed up 5¢ at $5.28½ per bushel. September Minneapolis wheat was up 2½¢ at $5.85½.
October live cattle closed down $1.35 at $222.15 per hundredweight (cwt). August feeder cattle were down $2.63 at $328.90 per cwt. October lean hogs were up 20¢ at $91.10 per cwt.
Shortly after 2 p.m. CT, September crude oil was up 99¢ at $66.24 per barrel.
Less than ten minutes past 2 p.m. CT, the S&P 500 Index was up 13.79 points and the Dow Jones Industrial Average was down 225.70 points.
Published: 2:34 p.m. CT
Corn Up Less Than 2¢ This Morning: 9:29 a.m. CT
As of 9 a.m. CT, December corn was up 1½¢ at $4.19 per bushel.
November soybeans were down less than a penny at $10.22½ per bushel.
September CBOT wheat was down less than a penny at $5.39¾ per bushel. September KC wheat was up 2¢ at $5.25½ per bushel. As of 8:53 a.m. CT, September Minneapolis wheat was up less than a penny at $5.88¾.
This morning, USDA announced new corn export sales:
- South Korea is buying 135,000 metric tons of corn for the 2025/2026 marketing year.
- Unknown destinations are buying 284,196 metric tons of corn — 83,956 metric tons for the 2024/2025 marketing year, and 200,240 metric tons for the 2025/2026 marketing year.
USDA also released the weekly U.S. Export Sales report this morning. The Brock Report offered this commentary of the report:
Corn
“Net U.S. corn export sales for the week ended July 17 came in at 54.2 million bushels, including 25.3 million for 2024/2025 delivery, near the high end of trade expectations that ran 19.5-55 million bushels, and up from the previous week’s sales of 26.1 million bushels, of which only 3.8 million were for 2024/2025 delivery. The export data may be mildly supportive for corn prices.
Soybeans
“Net weekly U.S. soybean export sales came in at 14.7 million bushels, including 5.9 million for 2024/2025 delivery, near the low end of trade expectations that ran 14.5-33 million bushels, and [below] the previous week’s sales of 29.5 million bushels…. China was once again absent from the list of buyers. The data looks somewhat negative for soybean prices.
Wheat
“Net weekly U.S. wheat export sales came in at 26.2 million bushels, easily topping trade expectations that ran 9-18.5 million bushels and the previous week’s sales of 18.2 million bushels. The sales data looks supportive for wheat futures.”
As of 9:01 a.m. CT, October live cattle were down $1.68 at $221.83 per hundredweight (cwt). As of 9 a.m. CT, August feeder cattle were down $3.03 at $328.50 per cwt. October lean hogs were down 33¢ at $90.58 per cwt.
September crude oil was up 78¢ at $66.03 per barrel.
As of 9:01 a.m. CT, the U.S. Dollar Index September contract was up to 96.99.
Ahead of 9 a.m. CT, the S&P 500 Index was up 9.30 points and the Dow Jones Industrial Average was down 265.33 points.
Published: 9:29 a.m. CT
:max_bytes(150000):strip_icc()/Soybean-Diseases-659450902c244ac88365724e2a53c242.png "Soybean Disease Risks Rising Across Midwest")
:max_bytes(150000):strip_icc()/anthony-mucci-glo_zQOnXf4-unsplash-001344dbf396434c8b185a1e184d6498.jpg "Ag Leaders Applaud Trade Deals With Indonesia, Japan, and Australia")