Corn is currently down 1⁄2
of a penny while soybeans are up 13¢.
CBOT wheat is down 6¢. KC wheat is down 13¢. Minneapolis wheat is down 5¢.
USDA released the weekly Export Sales report this morning. Corn, soybeans, and wheat sales all fell within the range of trade expectations.
- For the week ending April 6, net sales of corn were at 527,700 metric tons for 2022/2023. This is down 58% from the previous week and 68% from the prior four-week average.
Net sales of soybeans were at 364,500 metric tons for 2022/2023, which USDA says was up noticeably from the previous week and up 17%
from the prior four-week average.
- Net sales of wheat were pegged at 135,700 metric tons for 2022/2023, down 30% from the previous week and 27% from the prior four-week average.
USDA also reported a sale of 327,000 metric tons of corn to China this morning. The sale included 191,000 metric tons for delivery during the 2022/2023 marketing year and 136,000 metric tons for delivery during the 2023/2024 marketing year.
Live cattle are currently up 95¢. Lean hogs are down 88¢. Feeder cattle are up $1.20.
Crude oil is down 50¢.
S&P 500 futures are up 11 points. Dow futures are up 5 points.