Soybeans losing some gains. Thursday, October 19, 2023
December corn is up 3¼¢ this morning.
November soybeans are down 5½¢.
CBOT wheat is up 4½¢. KC wheat is up less than a penny. Minneapolis wheat is down less than a penny.
This morning USDA released the weekly Export Sales report. For the week ending on October 12, net sales of corn, soybeans, and wheat for the 2023/2024 marketing year all fell within the expected range.
- Corn: Net sales of 881,300 metric tons
- Soybeans: Net sales of 1,371,900 metric tons
- Wheat: Net sales of 632,800 metric tons
Live cattle are down 50¢ this morning. Lean hogs are up 78¢. Feeder cattle are down $1.10.
Crude oil is down 67¢.
“Crude oil futures continue to trade with high volatility,” said Bob Linneman, commodities broker for Kluis Commodity Advisors, during today’s early morning trade. “The close yesterday was above the 20-day average for the first time since September 29. However, prices are trading below that technical target this morning. The big swings will continue until tensions ease in Israel.”
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