Tridge summary
Not long past 9:30 a.m. CT, March corn was down 2¾¢ at $4.38¾ per bushel. January soybeans were down 3¾¢ at $11.32½ per bushel. March CBOT wheat was down 4¾¢ at $5.44¾ per bushel. March KC wheat was down 5¢ at $5.26¾ per bushel. March Minneapolis wheat was down 2¾¢ at $5.83. “Buy the rumor;
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sell the fact,” said Naomi Blohm, senior market advisor with Total Farm Marketing. “Soybean prices fell lower yesterday in spite of two days of export sales announcements to China. The news and expectations had already been priced into the market last week.” This morning, USDA made it three days of announcements, reporting these sales to China: Not long past 9:30 a.m. CT, January feeder cattle were down $4.80 at $316.65 per hundredweight (cwt). February live cattle were down $2.28 at $214.98 per cwt. February lean hogs were up 93¢ at $79.95 per cwt. January crude oil was up 72¢ at $59.97 per barrel. The U.S. Dollar Index December contract was up to 100.17. As of 9:29 a.m. CT, the S&P 500 Index was up 122.10 points, and the Dow Jones Industrial Average was up 697.38 points. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It is a ...
Source: UkrAgroConsult
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