Corn opens up nearly 6¢. Friday, September 1, 2023
December corn is starting the day up 5¾¢.
November soybeans are up 12½¢.
CBOT wheat is up 8¢. KC wheat is up 12¼¢. Minneapolis wheat is up 7¾¢.
“Grain and oilseed futures are higher, fed by fresh soybean export demand and concerns about U.S. crops as a hot and dry August bleeds into September,” says The Brock Report.
This morning USDA announced unknown destinations are purchasing 198,000 metric tons of soybeans for delivery during the 2023/2024 marketing year. This marks the 5th day in a row USDA announced a new soybean export sale.
Live cattle are down 23¢. Lean hogs are flat. Feeder cattle are down 30¢.
Crude oil is up $1.21.
S&P 500 futures are up 18 points. Dow futures are up 120 points.
Outside of the U.S., milling wheat is down on the MATIF exchange. Corn and soybeans are up on the Dalian exchange.
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