Corn is currently down 2¢ while soybeans are up 15¢.
Wheat is still sinking. CBOT wheat is still down 11¢. KC wheat is down 17¢. Minneapolis wheat is down 9¢.
This morning USDA announced exports of 110,000 metric tons of corn for delivery to Japan during the 2022/2023 marketing year, and 182,400 metric tons of corn for delivery to unknown destinations during the 2022/2023 marketing year.
This Wednesday USDA releases the latest World Agricultural Supply and Demand Estimates (WASDE) report. Naomi Blohm with Total Farm Marketing says the March report is typically “pretty quiet” and traders are more focused on the planting intensions report that comes out at the end of the month.
Prior to the USDA planting intensions report coming out, Successful Farming is partnering with Kluis Commodity Advisors on a survey. Click here to learn more and participate.
Live cattle are currently up 60¢. Lean hogs are down 65¢. Feeder cattle are up $1.83.
Crude oil is up 25¢.
The U.S. Dollar Index is at 103.90.
S&P 500 futures are up 28 points. Dow futures are up 123 points.
Wheat starting day down 11¢: 9:12 a.m. CST
This morning corn is down 2¢ and soybeans are up 5¢.
CBOT wheat is down 11¢. KC wheat is down 12¢. Minneapolis wheat is down 6¢.
Nick Tsiolis, founder of Farmer’s Keeper, says optimism surrounding an extension of the Black Sea grain deal is bringing prices down today.
He adds, wheat is leading the charge as a big crop is expected from Russia.
Live cattle are up 20¢. Lean hogs are down 83¢. Feeder cattle are up $1.73.
Crude oil is down 56¢.
S&P 500 futures are up 12 points. Dow futures are up 41 points.