December corn ended the day up a penny at $4.16½ per bushel.
November soybeans closed up 6½¢ at $10.13¾ per bushel.
September CBOT wheat closed up 7½¢ at $5.54½ per bushel. September KC wheat was up 10¾¢ at $5.34¾. September Minneapolis wheat was up less than a penny at $6.31¾.
“Much of today’s session was spent getting positions in place ahead of the monthly WASDE [World Agricultural Supply and Demand Estimates] report that is slated to be released tomorrow at noon eastern time,” said Karl Setzer, partner at Consus Ag Consulting. “For the most part only minimal changes are expected to balance sheets. The most interest will be on corn demand as that complex has already reached its yearly [export] sales estimate.”
August livestock ended the day mixed. Live cattle closed down 55¢ at $219.23 per hundredweight (cwt). Feeder cattle were up 80¢ at $321.28 per cwt. Lean hogs were down $1 at $106.23 per cwt.
Published: 4:05 p.m. CT
Corn and Wheat In the Green: 9:49 a.m. CT
Ahead of 9:30 a.m. CT, December corn was up less than a penny at $4.16¼ per bushel.
November soybeans were down 1¼¢ at $10.06 per bushel.
September CBOT wheat was up 3½¢ at $5.50½ per bushel. September KC wheat was up 5¢ at $5.29 per bushel. September Minneapolis wheat was up 5¼¢ at $6.36¾.
This morning, USDA released the weekly U.S. Export Sales report. The Brock Report offered this commentary of the report:
“Net U.S. corn export sales for the week that ended July 3 came in at 84.7 million bushels, including 49.7 million for 2024/2025 delivery, easily topping trade estimates that ran 15.5 million–55 million bushels and the previous week’s sales of 58 million bushels. This news should offer support for corn prices.
“Net weekly U.S. soybean export sales came in at 27.6 million bushels, including 18.5 million for 2024/2025 delivery, in line with trade estimates that ran 11 million–33 million bushels and above the previous week’s sales of 25.8 million bushels.
“Net weekly U.S. wheat export sales came in at 21.2 million bushels, near the high end of trade estimates that ran 7.5 million–22 million bushels and slightly below the previous week’s sales of 21.5 million bushels.”
USDA also announced new sales this morning to unknown destinations. Unknown destinations are buying 110,000 metric tons of corn for the 2025/2026 marketing year.
August livestock were mixed as of 9:25 a.m. CT. Live cattle were up $2.50 at $222.28 per hundredweight (cwt). Feeder cattle were up $5.95 at $326.43 per cwt. Lean hogs were down 8¢ at $107.15 per cwt.
August crude oil was down $1.17 at $67.21 per barrel.
The U.S. Dollar Index September contract was up to 97.53.
Published: 9:49 a.m. CT
