Markets - General
Grain markets were mostly mixed on Friday and livestock futures saw a choppy trade. Here’s how the first trading day of November shook out for the Ag markets.
Mexico came in with another big buy of U.S. corn on Friday. USDA reported a sale of 781,322 metric tons of corn for delivery to Mexico.
It was another mixed day in the grain and livestock markets. Are there any potential opportunities popping up into the end of the month?
Corn and wheat were higher in Tuesday’s trade while beans struggled. Cattle futures gave background while lean hogs powered to new contract highs.
Grain markets opened the Sunday night trade lower but have been able to stabilize some through the morning. These are the levels to watch through this week’s trade.
That’s a wrap! Here’s how things finished up in the grain and livestock markets.
The Soy Transportation Coalition says every foot of reduced water depth or draft is the equivalent of loading 7,000 fewer bushels of soybeans per barge.
Weekly export inspections have shown signs of improvement which helped add a tailwind to prices in Thursday’s trade.
Grains were weaker overnight but managed to firm through Wednesday’s trade to post gains. Livestock markets were mixed.
The shift to climate-smart farming emphasizes low-carbon crop yields for biofuels, with 45Z tax credits starting Jan. 1, 2025. Farmers should consider profitable changes while documenting their existing sustainable practices.