Corn and soy start day in the red. Tuesday, October 3, 2023
December corn is currently down 1¼¢.
November soybeans are down 12¼¢.
CBOT wheat is up less than a penny. KC wheat is down 3¾¢. Minneapolis wheat is 1¾¢.
During the early morning trade The Brock Report said corn and soybeans were under pressure from harvest and a strong U.S. dollar.
“A fast start to Brazil’s planting season has also weighed on soybean prices,” said The Brock Report. “Wheat futures initially extended their Monday gains overnight, but struggled to hold them, with hard red winter wheat contracts ending early trade mostly lower.”
This morning USDA announced the sale of 220,000 metric tons of soft red winter wheat and 265,000 metric tons of soybeans to China for the 2023/2024 marketing year.
Live cattle are down $1.38 this morning. Lean hogs are down 30¢. Feeder cattle are down $3.13.
Crude oil is up 44¢.
S&P 500 futures are down 48 points. Dow futures are down 286 points.
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