Corn Sep +10 556; Dec +6 553 (546-58); Dec22 +1 507

Bean Sep +4 1336; Nov +3 1328 (1315-39); Nov22 -2 1251

  Meal Sep +4 355; Dec +3 357

   Oil Sep -85 6147; Dec -68 6086

Wheat Sep -4 713 (710-25); Dec -3 725; Jly -4 711

  KC Sep -3 691; MGE +1 904

Oats +16 460

Rice +9 1328

 

LC Aug -147 12257; Oct -140 12757; Dec -117 13277

FC Aug -155 15765; Oct -160 16385; Jan -170 16510

LH Aug unch 10947; Oct -300 limit 8712; Dec -265 8087

Milk Aug +8 1611; Sep +34 1638

CBOT futures closed mixed with September Corn leading the way higher and soybean oil the downside leader. Corn, beans and wheat all rose sharply when markets opened at 8:30 am CT, but wheat gave up soon thereafter. Corn was supported by a strong weekly export sales report for new-crop corn and for last week’s shipments. Soybeans caught a bid from a daily soybean export sale. We’re one week away from the USDA crop production report.

Cattle futures closed lower on a disappointing weekly beef export sales report and a quiet cash cattle market. LC gave up a good share of Tue/Wed gains. Feeders were hit also with the big rise in corn futures. However, boxed beef values keep marching higher. Choice beef rose 3.24 to 292.58 and Select gained 2.62 to 273.77. Cash trade was limited today.

Lean hog futures closed sharply lower beyond the August LH contract. LH was pressured by this week’s weakness in the pork cutout (down $6/cwt), although pork was steady today. FOB Plant Pork only rose .13 to 123.12. A 10.54 drop in the ham value was offset by a big 10.33 jump in the butt. LH sold off despite this morning’s weekly export sales report being positive, including China being back in the market.

 

US$ steady 92.26

Dow +272 35064

SP +26 4429  - RECORD HIGH

NAS +115 14895

Tran +179 14423

  VIX -.69  17.28

 

WTI +95 6874

Brent +91 7129

Gas +4 229

NG -2 414

HO +3 211

Eth unch 222

Gold -5 1805

Slvr -17 2529

 

2-yr +.020 0.202%

5-yr +.049 0.723%

10yr +.040 1.222%

30yr +.021 1.862%

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