The grain is for arrival in early January.
South Korea purchased 2.6 million bushels of animal feed corn, likely sourced from South America, in an international tender that closed earlier today. Mexico, China, Japan, El Salvador and Venezuela were the top five destinations. Corn export shipments were also solid for this time of year, with 22.6 million bushels. Cumulative bushels for the young 2022/23 marketing year are now at 63.0 million bushels. That was toward the higher end of analyst estimates, which ranged between 9.8 million and 31.5 million bushels. December futures dropped 1 cent to $6.66950, with March futures down half a penny to $6.76.Ĭorn basis bids were steady to mixed after trending 5 to 10 cents higher at three Midwestern facilities while dropping 2 to 25 cents at half a dozen other locations on Thursday.Ĭorn sales found 26.5 million bushels of old and new crop sales last week. Losses were minimized by a healthy dose of export sales data from USDA this morning and ongoing production and export challenges in Ukraine. CornĬorn prices eased slightly lower on Thursday, partly due to spillover weakness from other commodities. On Wednesday, commodity funds were net buyers of corn (+2,500), soybeans (+2,000) and CBOT wheat (+8,500) contracts but were net sellers of soymeal (-1,000) and soyoil (-1,500). Diesel dropped 1%, while gasoline faded 2.5% lower. Energy futures were also in the red this afternoon, with crude oil down around 0.6% to $81 per barrel. Investors also remain quite skittish over high inflation and rising interest rates and will probably need to see signs of a reversal of current conditions to fuel a sustained market rally. On Wall St., the Dow tumbled 585 points lower to 29,097 after losses from Apple triggered a broader market selloff.
The agency’s 8-to-14-day outlook predicts more of the same for the central U.S., with seasonally warm, dry weather for the Midwest and Plains between October 6 and October 12. NOAA’s latest 72-hour cumulative precipitation map shows severe rainfall totals for the Mid-Atlantic and moderate moisture likely for the Rocky Mountain region between Friday and Monday, but the Midwest and Plains are doubtful to see any additional rains during this time. (For some top-notch analysis on this, be sure to read Farm Futures grain market analyst Jacqueline Holland’s sneak peek here.) Wheat prices trended moderately lower, corn faced small losses and soybeans finished Thursday’s session with modest gains. The Fresh Market may also be known as or be related to FRESH MARKET INC., The Fresh Market, The Fresh Market Inc and The Fresh Market, Inc.Grain prices were lightly mixed as traders squared positions ahead of a highly anticipated quarterly stocks report from USDA, out Friday morning. The data presented on this page does not represent the view of The Fresh Market and its employees or that of Zippia. None of the information on this page has been provided or approved by The Fresh Market. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The employee data is based on information from people who have self-reported their past or current employments at The Fresh Market. Zippia gives an in-depth look into the details of The Fresh Market, including salaries, political affiliations, employee data, and more, in order to inform job seekers about The Fresh Market.
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