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Market Update

Mar 24 Corn close 4.325

-.005

Dec 25 Corn close 4.3175

+.0025

Jan 25 Soybean close 9.8525

-.0425

Nov 25 Soybean close 10.055

-.0525

Mar 24 SRW close 5.4725

-.0075

Jul 25 SRW close 5.6175

-.02

Dec CAD .7125

-.0022

Closing Chatham elevator bids


-CBOT resumed to normal trading this week, after the US Thanksgiving holiday week last week.

-Corn futures closed mixed, and soybean and wheat futures were lower. Soybeans did trade higher in the overnight session, but could hold the gains through the day today.

-US weekly export inspections were within trade expectations for the week. Corn, soybeans, and wheat inspections were all lower vs. last week.

-Year to date inspections for corn at 435.81 million bushels represents 19% of USDA's crop year estimate. Soybeans at 800.74 mil bu represents 44% of USDA's crop year estimate. And wheat exports sit at 49% of USDA estimate after reporting 10.88 mil bu for last week.

-US has seen higher inspections for this time of year over last, corn is 31% higher year over year, soybeans 16%, and wheat 49%.

-US export sale of 134,000mt to China was announced this morning.

-The likelihood of a US interest rate cut in December is dropping, a month ago the probability was sitting at 83% vs. now at 64% chance of a .25% decrease.






Have a good night.

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USDA reports and schedule

Looking for the publish dates of the USDA reports for 2023? Visit our website. We keep an archive of the reports that go back to 2016.

USDA Reports

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