Markets shut blended | Friday August 5, 2022

September corn futures closed up 7¢. September soybeans closed up a penny and November soybeans closed down 11¢.

CBOT wheat closed down 6¢. KC wheat is down 11¢. Minneapolis wheat is down 7¢.

Livestock markets closed up. 

The Dow continues to realize floor, solely down 32 factors. Crude oil is up 42¢. The U.S. greenback is up 85¢. 

Subsequent Friday the brand new USDA WASDE report comes out and consultants are saying it could included up to date yield and acres planted numbers. 

Corn up whereas soybeans and wheat development down: 11 a.m. 

At this hour September corn futures are up 7¢ and September soybeans are down 5¢. CBOT wheat is down 5¢, KC wheat is down 9¢, and Minneapolis wheat is down 4¢. 

Dwell cattle are up 78¢. Feeder cattle are up $1.85. Lean hogs are are up 50¢. 

The U.S. Division of Labor launched the July jobs report this morning. The economic system noticed an addition of 528,000 new jobs and unemployment went down to three.5%. This report units U.S. employment at an all-time excessive and unemployment is again to its pre-pandemic stage, far exceeding the market’s expectation. Reuters studies that is sturdy proof the economic system was not in a recession. The Dow has regained a few of its loss from this morning and is down 129 factors. 

Grains open down: 8:55 a.m. 

This morning corn futures are down a penny and soybean futures are down 4¢. CBOT wheat is down 6¢ whereas KC and Minneapolis are each down 5¢. 

Dwell cattle are down 30¢. Feeder cattle are down 33¢. Lean hogs are up $1.75. 

Outdoors the U.S., milling wheat on the MATIF commerce in Europe is down $1.75 and corn and soybeans on the Dalian commerce in China are down. 

Crude oil is down $1.35. The Dow is down greater than 200 factors. 

CBS Information studies three extra ships crammed with corn left Ukraine immediately headed for Eire, the UK, and Turkey. Consultants say Ukraine’s skill to get exports out will proceed to be a wild card impacting the market. 

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