USDA Reports 238,000 Tons of Soybean Sales to China as Wheat Leads Grain Futures Higher
Updated
Updated · DTN The Progressive Farmer · Aug 7
USDA Reports 238,000 Tons of Soybean Sales to China as Wheat Leads Grain Futures Higher
3 articles · Updated · DTN The Progressive Farmer · Aug 7
Summary
USDA said private exporters sold 238,000 metric tons of soybeans to China for 2026-27 and 286,097 tons of corn to Mexico, including 256,289 tons for the 2027-28 marketing year.
Wheat led Friday’s early grain gains, with September KC wheat up 8 1/4 cents, September Chicago wheat up 5 1/4 cents and December corn up 4 1/4 cents; November soybeans rose 2 3/4 cents.
Livestock futures also firmed, with October live cattle up $1.08 and September feeder cattle up $2.20, while lean hogs were little changed.
Cash cattle trade appeared largely finished for the week, with Northern dressed cattle mostly at $370—$3 above last week’s weighted average—and Southern live cattle mostly at $235, up $2.