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12/7/23: No additional SRW export sales reported this morning.  Wheat market was off roughly 25 cents from the highs put in yesterday, but have recovered nicely this morning, all 3 classes up 5-10 cents.  SWW prices were able to move a little higher as well up a nickel finally after the aggressive run in Chicago futures.  Weekly export sales for wheat were 356K MT, lower end of the expectations.  Major buyers were Taiwan, China, and Bangladesh.  China did buy a cargo of SWW which showed up in these sales, hopefully that continues.  No SRW showing up in the weekly, meaning that all these sales of SRW have been done in the past 7 days.  Corn sales were 1,289K MT near the top end of expectations.  Major buyers were Japan, China, and Mexico.  Corn market reacting favorably to the exports up 3-5 cents on futures today working towards testing the $4.90 mark again.  Soybean exports were 1,518K MT, also near the high end of expectations.  Major buyers were China and Spain.  USDA report out tomorrow, market doesn’t expect USDA to make sweeping changes to wheat or corn exports so should be a neutral to bearish report from current levels.  Then again if market believes China is going to keep buying the report may end up just being noise.  Digested quickly and not a direction mover.       


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Quotes are on 15 min delay with futures markets.  Please call to confirm pricing 

Futures Quotes
Quotes are delayed, as of December 07, 2023, 05:09:01 PM CST or prior.
Red Hog Market Despite Solid Export Demand -

Hogs are trading in the red through Thursday with losses of as much as 2.4% for the front months. The National Average Base Hog price was shown as a

Corn Trading Higher through Thursday -

Front month corn futures are up by 2 ½ to 4 cents so far for Thursday. That has the March contract less than a penny from the daily high. Wire

Cotton Futures Rallying with Dec Out of the Way -

The front month cotton market is rallying triple digits with March futures at a 3c gain so far. The other nearbys are up by 1.72 cents to 2.9

Soybeans and Soy Oil Rallying -

The Thursday session is working with beans 8 ¾ to 13 ¾ cents in the black so far. Jan has pulled off the daily high by 3 cents. The Soybean Oil

Wheat Maintaining Rally through Thursday -

The front month wheat futures are trading another 4 to 9 cents in the black for Thursday. Chicago futures are up by as much as 1.6%, while the HRW

Mixed Cattle Market through Thursday Midday -

Fat cattle are trading mixed but mostly red so far, with losses capped at 27 cents and gains of less than a nickel. Feeders are also mixed, but are

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