Since a record-wet May and June eliminated long-term drought in the Southern Plains, very little precip has fallen.
Market Rally Radio host Chip Flory explores the future of the competitiveness of U.S. grains in the global marketplace.
Corn closed around 4 cents lower, with soybeans mostly 8 cents lower. Winter wheat futures ended 4 to 5 cents lower. Cattle ended sharply higher, with hogs slightly higher.
Corn is around 4 cents lower, with soybeans 9 to 10 cents lower and winter wheat 5 to 6 cents lower. Cattle are mostly weaker with hog futures firmer.
The Climate Prediction Center says El Niño strengthened during September and gives 95% odds the event will continue through the winter before weakening this spring.
Cotton export sales also surged the week ended Oct. 1. Get more details from today's report.
Global climate conditions support wheat, while corn and bean traders prepare for tomorrow's report. Strong export demand shown in today's report for soybeans.
Corn ended mostly around 2 cents lower, with wheat 7 to 9 cents lower. Soybeans ended mostly 3 cents higher. Cattle ended sharply higher and lean hogs ended weaker in all but the front-month contract.
August beef exports were down 18% from year-ago, with pork exports down 1% from year-ago. Year-to-date exports sluggish compared to previous year.
Corn ended the overnight session marginally to 1 cent firmer, with soybeans up 5 to 7 cents and wheat up 2 to 4 cents. Livestock futures are called firmer, with cattle building on yesterday’s sharp to limit up performance.
As of Thursday, October 8
Feels Like 69°