Soybeans up by 4¢. this Thursday, October 31, 2024 in United States

Published 2024년 11월 1일

Tridge summary

The article reports on the current trends in the agricultural commodities market. It highlights a decrease in December corn futures, no change in January soybeans futures, and a decline in December wheat contracts. The USDA's announcement of mystery buyers purchasing 150,000 metric tons of soybean cake and meal for the 2024/2025 marketing year and the latest U.S. Export Sales report, which shows substantial sales of corn, soybeans, and wheat, also influence the market. Additionally, the article covers the price movements in live cattle, feeder cattle, lean hogs, crude oil, the U.S. Dollar Index, and financial futures.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

December corn is down less than a penny this morning. January soybeans are up 4¢. December wheat contracts are lower. CBOT wheat is down 7¼¢. KC wheat is down 8¢. Minneapolis wheat is down 7¢. Earlier this morning USDA announced unknown destinations are buying 150,000 metric tons of soybean cake and meal for the 2024/2025 marketing year. USDA also released the weekly U.S. Export Sales report this morning. In analyzing the report, The Brock Report said: “Net U.S. corn export sales for the week ended Oct. 24 came in at 92.2 million bushels compared with trade expectations that ran 71 to 134 million bushels and the previous week’s huge sales of 164.7 million bushels. The sales total is positive for corn prices, but has likely already been factored into futures prices after last week’s flurry of USDA daily sales announcements. “Net weekly U.S. soybean export sales came in at 83.5 million bushels compared with trade expectations that ran 36.5 to 103 million bushels and the previous ...

Source: UkrAgroConsult