After 9:00 a.m. CT, December corn was down 1¼¢ at $4.19½ per bushel.
November soybeans were down 4¢ at $10.20¼ per bushel.
“The trade continues to receive mixed crop reports, with most indicating the ‘top end’ of the U.S. corn crop has been lost.” Karl Setzer, partner with Consus Ag Consulting said, “This actually raises more questions on production and demand. Until the USDA cuts production from either yield or acreage adjustments the market will be slow to react.”
He added, “Low prices have continued to attract importer interest on corn, but wheat buyers continue to show more interest in U.S. offers. Price is one reason for this, but logistics are also a factor. Brazil logistics remain a mess and exports are suffering.”
The wheat markets were lower Friday morning. September CBOT wheat was down 4¢ at $5.37½ per bushel. September KC wheat was 3¼¢ weaker at $5.25¼ per bushel. September Minneapolis wheat dropped ¼¢ at $5.51¾ per bushel.
October live cattle were down 30¢ at $221.85 per hundredweight (cwt). August feeder cattle were 37¢ weaker at $330.02 per cwt. October lean hogs are unchanged at $91.10 per cwt.
September crude oil was down 35¢ at $65.68 per barrel.
September S&P 500 futures were up 7 points. September Dow was up 1 point.
The September U.S. Dollar Index was up 376 points.
Published: 9:34 p.m. CT