(Illustration by Nick Scalise)
OMAHA (DTN) – In mid-morning trading Thursday, December corn is up 2 1/2 cents per bushel, November soybeans is down 5 3/4 cents, December KC wheat is down 2 cents, December Chicago wheat is down 2 1/4 St. is down St. and Dec. Minneapolis wheat is down 7 3/4 cents. The Dow Jones Industrial Average is up 50.68 points and October crude oil is up $0.97 a barrel. The US Dollar Index is up 0.490 and December gold is down $3.50 an ounce. With the US dollar strengthening and bearish features taking profits towards the end of the month, cereals are trading mixed, while drought monitors point to an extension of the drought for the Midwest and temperatures are expected to rise in the coming days. Is.
Posted 08:35 — December corn is up 1 3/4 cents per bushel, November soybeans is down 5 3/4 cents, December KC wheat is down 11 3/4 cents, December Chicago wheat is down 8 3/4 cents and December Minneapolis wheat is down 7 1/2 cents. September DJIA futures are up 102 points. The September US dollar index is up 0.4270 at 103.520, December gold is up $3.20 an ounce at $1,969.80 and October crude is up $0.97 at $82.60 a barrel. The USDA announced another new export sales for the fourth day in a row, this time to China: 132,000 metric tons (4.85 Mb) of soybeans were sold to China, bringing the weekly total to an unknown or 35 Mb in China. Soybean and soymeal prices edged lower for the third day in a row, and wheat again hit new lows after deliveries exceeded expectations for September.
Posted at 08:42 – October live cattle down $0.05 at $180, October feeder cattle down $0.43 at $254.8, October lean hogs down $0.43 At $84.025, corn is up 1 1/4 cents per bushel and soybean meal prices declined in December. down $4.30. The Dow Jones Industrial Average is up 136.52 points. Beef net sales of 18,200 million tonnes for 2023 were up 59% from the previous week and 35% from the previous four-week average. The three largest buyers were China (6,100 million tonnes), Japan (3,400 million tonnes) and South Korea (2,400 million tonnes). Pork net sales for 2023 of 36,900 million tonnes were up 12% from the previous week and 45% above the previous four-week average. The three largest buyers were Mexico (12,000 tonnes), China (7,800 tonnes) and South Korea (5,500 tonnes).
(c) Copyright 2023 DTN, LLC. All rights reserved.