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:max_bytes(150000):strip_icc()/Markets-6-Corn-down-3-a2bcd4ba01644e2cba707afdb7b12d5e.jpeg "Corn Ends Day and Week Lower")
December corn ended the day down 1¾¢ at $4.18 per bushel. Despite a strong start to the short week and the fact that today’s high was above last week’s close, the contract ultimately closed down 2¼¢ week-over-week, after two consecutive weeks of higher week-over-week closes.
November soybeans closed down 6¢ at $10.27 per bushel. Week-over-week, the contract closed down 27½¢. This was the second week in a row the contract closed lower.
December CBOT wheat ended the day down less than a penny at $5.19¼ per bushel. December KC wheat closed down a penny at $5.05¼ per bushel. December Minneapolis wheat was down 4¼¢ at $5.66. For the week, all three contracts closed lower. This was the seventh consecutive lower week-over-week close for December KC wheat.
October livestock ended the day mixed. Live cattle closed down 98¢ at $235.98 per hundredweight (cwt). Feeder cattle were down $1.05 at $357.90 per cwt. Lean hogs were up $1 at $96.03 per cwt.
Published: 3:49 p.m. CT
Corn and Soy in the Green: 9:37 a.m. CT
As of 9:09 a.m. CT, December corn was up 2½¢ at $4.22¼ per bushel.
November soybeans were up 1¼¢ at $10.34¼ per bushel.
December CBOT wheat was up 2¢ at $5.21½ per bushel. December KC wheat was unchanged at $5.06¼ per bushel. December Minneapolis wheat was up less than a penny at $5.70¾.
This morning, USDA announced new export sales. Unknown destinations are buying:
- 123,000 metric tons of soybeans for the 2025/2026 marketing year
- 204,650 metric tons of soybeans for the 2025/2026 marketing year
USDA also released the weekly U.S. Export Sales report this morning.
“Weekly export sales were impressive for corn, at a net 2.117 million metric tons (mmt) for 2025/2026, at the high end of trade guesses that ranged from 900,000 metric tons to 2.2 mmt, slightly offset by net reductions of 280,900 metric tons for the marketing year that just ended,” said The Brock Report. “Soybean export sales came in at 818,500 metric tons for 2025/2026, within trade guesses of 600,000 metric tons to 1.6 mmt, with net reductions of 23,800 metric tons for old crop. Wheat net export sales were disappointing at 313,000 metric tons for 2025/2026, down by nearly half from last week and below trade guesses that had ranged from 350,000-700,000 metric tons.”
Brock Associates
As of 9:12 a.m. CT, October livestock were mixed. Live cattle were down 68¢ at $236.28 per hundredweight (cwt). Feeder cattle were down 75¢ at $358.20 per cwt. Lean hogs were up $1.45 at $96.48 per cwt.
October crude oil was down $1.50 at $61.98 per barrel.
The U.S. Dollar Index September contract was down to 97.49.
As of 9:08 a.m. CT, the S&P 500 Index was up 5.51 points, and the Dow Jones Industrial Average was up 50.06 points.
Published: 9:37 a.m. CT
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