Grains in the red again. Wednesday, October 4, 2023
December corn is currently down 1½¢.
November soybeans are down 1¼¢.
CBOT wheat is down 11½¢. KC wheat is down 13¾¢. Minneapolis wheat is down 13¢.
“Unconfirmed rumors suggest a Ukraine export corridor may now be open with Russian support,” says Naomi Blohm, senior market advisor with Total Farm Marketing. “This is weighing on grains this morning, along with a higher U.S. dollar.”
The U.S. Dollar Index is currently at 106.60.
This morning USDA announced the sale of 196,607 metric tons of corn to Mexico. A total of 109,226 metric tons is for the 2023/2024 marketing year while the remaining 87,381 metric tons is for the 2024/2025 marketing year.
Live cattle are down 68¢. Lean hogs are down $1.05. Feeder cattle are down 93¢.
Crude oil is down $2.43.
S&P 500 futures are down one point. Dow futures are down 73 points.
Read also
Wheat in Southern Brazil Impacted by Dry Weather and Frosts
Oilseed Industry. Leaders and Strategies in the Times of a Great Change
Black Sea & Danube Region: Oilseed and Vegoil Markets Within Ongoing Transfor...
Serbia. The drought will cause extremely high losses for farmers this year
2023/24 Safrinha Corn in Brazil 91% Harvested
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon