March corn ended the day down 8¾¢ at $4.50¾ per bushel. Week-over-week, the contract closed down 3¼¢, breaking a four-week streak of higher closes.
March soybeans ended the day down 20¼¢ at $9.91¾ per bushel. Week-over-week, however, the contract closed up 2¢.
March wheat contracts closed lower for the day and the week. CBOT wheat ended the day down 16½¢ at $5.29¼ per bushel. KC wheat ended the day down 12¾¢ at $5.39 per bushel. Minneapolis wheat ended the day down 11¾¢ at $5.77¾ per bushel.
February live cattle ended the day up 45¢ at $194.05 per hundredweight (cwt). March feeder cattle closed down $2.03 at $264.18 per cwt. February lean hogs closed down 38¢ at $80.78 per cwt.
February crude oil is currently up 89¢.
March S&P 500 futures and Dow futures are currently up 67 points and 293 points, respectively.
Published: 3:05 p.m. CT
Grains Start Day in Red: 9:33 a.m. CT
March corn is down 6½¢ this morning.
March soybeans are down 16¼¢.
March wheat contracts are also lower this morning. CBOT wheat is down 11¼¢. KC wheat is down 9¢. Minneapolis wheat is down 6¢.
This morning, USDA released the weekly U.S. Export Sales report. Concerning corn, soybean, and wheat export sales reported for the 2024/2025 marketing year, The Brock Report said:
“Weekly export sales reported this morning were underwhelming across the board, with marketing year lows in both soybeans and wheat. Corn net sales for the week ended Dec. 26 came in at 777,000 metric tons, down 44% from the four-week average and shy of trade guesses that had ranged from 800,000 to 1.4 million metric tons. Soybean export sales at a net 484,700 metric tons were down 67% from the four-week average and below trade guesses that had ranged from 500,000 to 1.2 million metric tons. Wheat net export sales of 140,600 metric tons were down 68% from the four-week average and shy of trade guesses that ranged from 200,000 to 500,000.”
February live cattle are up $1.05 this morning. March feeder cattle are down 35¢. February lean hogs are down $1.48.
February crude oil is up 52¢.
The U.S. Dollar Index March contract is down to 108.96.
March S&P 500 futures are up 27 points. March Dow futures are up 101 points.
Published: 9:33 a.m. CT
Source: Soybeans Close Down 20¢ but Still Higher Week-Over-Week | Friday, January 3, 2025
