USDA data is market-friendly for corn, bearish soybeans
Investors are expected to turn their attention back toward U.S. crop weather.
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Investors are expected to turn their attention back toward U.S. crop weather.
Today’s USDA Crop Progress Report to show the first U.S. corn good/excellent rating for the 2021 growing season.
The U.S. old-crop corn supplies dip, soybean supplies left unchanged, creating mixed market reaction. As a result, the CME Group’s farm markets changed little from how they were trading before the release of the report. At the close, the July corn futures finished 7½¢ lower at $7.14¼. New-crop September futures closed 13¼¢ lower at $6.21½. December corn futures closed 18¾¢ lower at $5.93. July soybean futures closed 27¾¢ higher at $16.42½. August soybean futures settled 19¢ higher at $15.72½. New-crop November soybean futures ended 12¾¢ higher at $14.43¼. July whe...
Agriculture.com Community Bookmark At the close: At the close, the March corn futures finished 13 1/4¢ higher at $5.52 1/4. May corn futures closed 13 1/4¢ higher at $5.49 3/4. New crop December corn futures ended 9¢ higher at $4.57 3/4. March soybean futures settled 12 1/2¢ higher at $13.84 1/2. May soybean futures closed 14 3/4¢ higher at $13.85 3/4. New crop November futures finished 12 3/4¢ higher at $11.85 3/4. March wheat futures closed 20 3/4¢ higher at $6.57 1/2. March soymeal futures settled $1.20 short term higher at $428.40. March soy oil futures finished 1.23 higher...
Agriculture.com Community Bookmark At the close: At the close, the March corn futures finished 2 1/4¢ higher at $4.23 3/4. May corn futures ended 2 1/4¢ higher at $4.26 1/2. January soybean futures closed 7 3/4¢ higher at $11.60 3/4. March soybean futures closed 7 1/4¢ higher at $11.66. March wheat futures finished 18¢ higher at $6.14 3/4. Jan. soymeal futures closed $3.10 per short ton higher at $380.30. Jan. soy oil futures closed 0.18 of a cent higher at 38.24¢ per pound. In the outside markets, the NYMEX crude oil market is $0.19 per barrel lower (-0.41%) at $46.59. Th...