Grains Mixed Ahead of WASDE. Friday, Jan. 10, 2025

This article reports on the current trends in the agricultural market, highlighting increases in corn, soybeans, feeder cattle, lean hogs, and crude oil prices, while wheat contracts are seeing a decrease. The USDA's release of low net export sales totals for the 2024/2025 marketing year for corn, soybeans, and wheat has contributed to the market's dynamics. Additionally, the article mentions that the USDA is set to release several key reports later in the day. Furthermore, it provides a brief overview of the AgriSupp platform by UkrAgroConsult, a tool offering market intelligence for grains and oilseeds, and provides a free 7-day demo access link.

March corn is up a penny this morning. March soybeans are up 8¢. March wheat contracts are lower this morning. CBOT wheat is down 2½¢. KC wheat is down 1¾¢. Minneapolis wheat is down less than a penny. This morning, USDA released the weekly U.S. Export Sales report, covering the week that ended Jan. 2. The net export sales totals for the 2024/2025 marketing year that USDA reported for corn, soybeans, and wheat were all marketing-year lows. Later today, USDA is expected to release several more reports, including the monthly World Agricultural Supply and Demand Estimates (WASDE) report, the quarterly Grain Stocks report, the annual Winter Wheat and Canola Seedings report, and the Crop Production 2024 Summary. February live cattle are up 55¢ this morning. March feeder cattle are up $1.60. February lean hogs are up 68¢. February crude oil is up $3.24. The U.S. Dollar Index March contract is up to 109.44. March S&P 500 futures are down 72 points. March Dow futures are down 391 points. ...