Grains start day in the red. Thursday, August 31, 2023
December corn is currently down 1½¢.
November soybeans are down 4¼¢.
CBOT wheat is down 8½¢. KC wheat is down 11¢. Minneapolis wheat is down 12¾¢.
USDA announced another export sale for soybeans this morning, for the fourth day in a row. This time it was for 132,000 metric tons of soybeans to China, to be delivered during the 2023/2024 marketing year.
USDA also released the weekly Export Sales report this morning. For the 2022/2023 marketing year, corn export sales fell within expectations but soybeans were below expectations with a net sales reduction of 50,700 metric tons (mt). For the 2023/2024 marketing year corn, soybeans, and wheat export sales were all within the expected range.
October livestock are in the green this morning. Live cattle are up 45¢. Lean hogs are up 10¢. Feeder cattle are up 88¢.
Crude oil is up $1.20.
S&P 500 futures are up 8 points. Dow futures are up 102 points.
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