MarketEdge PM Comments
Oct 26, 2023
(Sam Bair)
Good evening, markets were split after today’s session. December corn futures were down ¾ of a penny closing at 479^2, while March corn futures finished 1^2 lower closing at 493^2. November bean futures were down 8^6 closing at 1279^4, and January bean futures were down 8^2, closing at 1300^2. Wheat finished higher today.
Have a good evening.
Good evening, markets were split after today’s session. December corn futures were down ¾ of a penny closing at 479^2, while March corn futures finished 1^2 lower closing at 493^2. November bean futures were down 8^6 closing at 1279^4, and January bean futures were down 8^2, closing at 1300^2. Wheat finished higher today.
- Corn Exports last week were the second largest of the year totaling 53 Mil Bushel.
- Bean Exports last week came in at 50.6 Mil Bushel.
- Russia’s grain harvest is expected to be the second biggest ever at 140Mt.
- A wetter forecast here in the corn belt has slowed harvest progress, and the 6-10 day forecast although drier is going to bring cooler temperatures.
- Livestock finish mixed, hogs in the green and cattle mostly lower.
- Dow Jones, Nasdaq, and the S&P 500 finish lower and the US dollar all finish higher.
Have a good evening.