At midsession:
At midsession, the May corn futures are 3/4¢ higher at $6.87, after hitting $7.20 per bushel earlier this week.
July corn futures are 1/4¢ lower at $6.43 1/2. New crop December corn futures are 6 1/2¢ lower at $5.40 1/2.
May soybean futures are 12¢ lower at $15.45 1/4. July soybean futures are 7¢ lower at $15.06 3/4. New crop November soybean futures are 10 1/2¢ lower at $13.17 1/2.
July wheat futures are 2 3/4¢ higher at $7.25 1/4.
July soymeal futures are $1.20 short ton higher at $423.00.
July soy oil futures are +0.94 lower at 60.22¢ per pound.
In the outside markets, the NYMEX crude oil market is +0.80 higher (+1.25%) at $64.66. The U.S. dollar is higher, and the Dow Jones Industrials are 23 points higher (+0.07%) at 33,843 points.
Mike
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At 8:45am:
Strong demand props up ag markets Thursday.
Mike
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At 7:45am:
The USDA’s Weekly Export Sales Report Thursday shows strong demand figures for corn.
Corn= 1.074 million metric tons (mmt.) vs. the trade expectations of 500,000-1.6 mmt.
Soybeans= 731,500 mt. vs. the trade's expectation of 100,000-500,000 mt.
Wheat= 461,300 mt. vs. the trade's expectations of 200,000-450,000 mmt.
Soybean meal= 260,400 mt. vs. the trade's expectations of 50,000-200,000 mt.
China was a big buyer of U.S. corn.
Mike
