Tridge summary
At the market close, December corn was down 11¼¢ at $4.30¼ per bushel. January soybeans were down 22½¢ at $11.24½ per bushel. “[Friday’s] much-anticipated update from the USDA was relatively bearish across the board,” said Karl Setzer, partner with Consus Ag Consulting. “Corn yields came in higher than the pre-report trade estimates by 2 bushels
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to the acre, while soybean yields were in line with published estimates. Unfortunately, both of which felt much higher than what the trade was actually anticipating.” December CBOT wheat was down 10¾¢ at $5.41½¢ per bushel. December KC wheat was 12¢ weaker at $5.31 per bushel. December Minneapolis wheat decreased 1½¢ at $5.59¾ per bushel. December live cattle were up 57¢ at $219.52 per hundredweight (cwt). January feeder cattle jumped $2.10 at $320.55 per cwt. December lean hogs were up 52¢ at $79.37 per cwt. At 3:22 p.m. CT, December crude oil was up $1.25 at $59.94 per barrel. The S&P 500 Index was down 3.38 points, and the Dow Jones Industrial Average dropped 309.74 points. The December U.S. Dollar Index was up 100 points. Published: 3:30 p.m. CT Just before 9:30 a.m. CT, December corn was up ¼¢ at $4.41¾ per bushel. January soybeans were down ½¢ at $11.26½ per bushel. “Active consolidation is taking place in the market [Friday] morning ahead of the long-awaited USDA World ...
Source: UkrAgroConsult
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