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Grains end the day in the green

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May corn ended the day up 1¾¢.

May soybeans are up 2½¢.

CBOT wheat is up 1¾¢. KC wheat is up 1¼¢. Minneapolis wheat is up 1½¢.

“Row crop markets traded impressively higher overnight, but were unable to hold the gains as we went through the day session,” says the Commstock Report. “Weekly export sales were okay at best but not enough to impress the trade, and there were no additional flash sales today.

“After yesterday’s trade in the soybeans hurdled some significant technical resistance there was hope we would see some follow through buying today. That was not the case, although no damage is really done unless the May and November contracts fall back below the 50-day moving averages. Corn isn’t too far behind, with the May flirting with the 50-day moving average at $4.42.

“Ultimately to finish the session in the green was a win and after yesterday’s trade, keeps the soybeans in the lead as we look to finish the week on a positive note.”

Live cattle are up 58¢. Feeder cattle are down 30¢. Lean hogs are down 40¢.

Crude oil is down 27¢.

S&P 500 futures are up 19 points. Dow futures are up 302 points.

Published: 3:21 p.m. CST

Grains in the red at midday: 11:58 a.m. CST

May corn and soybeans are down less than a penny at midday.

CBOT wheat is down 2¾¢. KC wheat is down 3¢. Minneapolis wheat is down less than a penny.

Live cattle are up 55¢. Feeder cattle are down 25¢. Lean hogs are down 55¢.

Crude oil is down 61¢.

The U.S. Dollar Index June contract is up to 103.70.

S&P 500 futures are up 30 points. Dow futures are up 300 points.

Published: 11:58 a.m. CST

Soybeans down nearly 3¢: 9:25 a.m. CST

Yesterday soybeans rallied 24¢. Today we will see if beans can hang onto it.

This morning May soybeans are down 2¾¢.

May corn is up 2¼¢.

CBOT wheat is flat. KC wheat is down 4½¢. Minneapolis wheat is up less than a penny.

“Weekly export sales were a little improved from last week for corn and soybeans, but not exceptional,” says The Brock Report. “USDA reported solid net corn export sales of 1.387 [million metric tons] mmt, up from 1.283 mmt the prior week and at the higher end of trade guesses that ranged from 800,000 to 1.4 mmt.

“For soybeans, USDA reported net sales of 499,600 metric tons, up from 376,000 the prior week and within trade guesses of 250,000 to 800,000.

“For wheat, USDA reported net cancellations of minus 109,600 for the current marketing year, compared to plus 83,804 metric tons last week and trade guesses of minus 200,000 to plus 500,000.”

Live cattle are down 30¢. Feeder cattle are down 90¢. Lean hogs are down 20¢.

Crude oil is down 37¢.

S&P 500 futures are up 30 points. Dow futures are up 269 points.

Published: 9:25 a.m. CST 

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