Economy & Finance

Corn Starts Day in the Green | Friday, November 8, 2024

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Photo: iStock: ablokhin

December corn is up 2¢ this morning.

January soybeans are down 6½¢.

December wheat contracts are mixed. CBOT wheat is up less than a penny. KC wheat is down 3¢. Minneapolis wheat is down 3½¢.

This morning USDA announced new corn and soybean export sales:

  • China is buying 107,000 metric tons of soybeans for the 2024/2025 marketing year.
  • Unknown destinations are buying 132,000 metric tons of soybeans for the 2024/2025 marketing year.
  • Unknown destinations are also buying 200,480 metric tons of corn for the 2024/2025 marketing year.

Today at 11 a.m. CT USDA is expected to release the November World Agricultural Supply and Demand Estimates (WASDE) report. Read what one Grain Market Insider analyst says farmers should know ahead of the report here.

December live cattle are down $1.25. January feeder cattle are down $1.48. December lean hogs are down 85¢.

December crude oil is down $1.23.

The U.S. Dollar Index December contract is up to 104.54.

December S&P 500 futures are up 4 points. December Dow futures are up 94 points.

Published: 8:48 a.m. CT

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