USA: Corn up 2¢ this morning on Friday, August 30, 2024

Published Sep 2, 2024

Tridge summary

The article reports a rise in the prices of various agricultural commodities and financial markets. It highlights an increase in the prices of December corn, November soybeans, and all types of wheat contracts. This increase is due to new export sales announced by the USDA, with significant purchases by China and Colombia. Additionally, livestock contracts for October have also seen an increase in prices. Meanwhile, October crude oil prices have decreased, but the U.S. Dollar Index and major U.S. stock futures have increased.

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

Original content

December corn is up 2¼¢ this morning. November soybeans are up 3¼¢. December wheat contracts are higher. CBOT wheat is up less than a penny. KC wheat is up 1¼¢. Minneapolis wheat is up 2½¢. USDA announced new export sales this morning. China is buying 132,000 metric tons of soybeans for the 2024/2025 marketing year. Colombia is buying 100,000 metric tons of soybean cake and meal for the 2024/2025 marketing year. October livestock contracts are higher this morning. Live cattle are up 65¢. Feeder cattle are up 85¢. Lean hogs are up 35¢. October crude oil is down $2.21. The U.S. ...

Source: UkrAgroConsult