Grains still mixed at midday. Thursday, April 18, 2024
May corn is down 2¼¢ at midday.
May soybeans are down 10¾¢.
CBOT wheat is up 1½¢. KC wheat is up 5¾¢. Minneapolis wheat is up 7¾¢.
According to The Brock Report, “Lackluster weekly exports and generally favorable U.S. weather conditions hang over the complex, along with the recent strength in the dollar.”
Live cattle are down 25¢. Feeder cattle are up $1.70. Lean hogs are down 53¢.
Crude oil is up 56¢.
S&P 500 futures are up 14 points. Dow futures are up 130 points.
Corn down 2¢ this morning: 8:56 a.m. CDT
May corn is down 2¢ this morning.
May soybeans are down 10¢.
CBOT wheat is up 1½¢. KC wheat is up 4¾¢. Minneapolis wheat is up 7¢.
USDA also released the weekly Export Sales report. Corn, soybean, and wheat export sales for the 2023/2024 marketing year during the week ending April 11 all fell within the expected ranges:
- Wheat: Net sales reduction of 93,600 metric tons (mt)
- Corn: Net sales of 501,200 mt
- Soybeans: Net sales of 485,800 mt
Live cattle are down 5¢. Feeder cattle are down 28¢. Lean hogs are down 55¢.
Crude oil is up 23¢.
The U.S. Dollar Index June contract is up to 105.92.
S&P 500 futures are down 5 points. Dow futures are up 125 points.
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