CBOT Close
Soybeans
September soybeans closed at USD10.07, down 2 1/4 cents; September soybean meal closed at USD301.40, up USD0.60; September soybean oil closed at 39.25, down 27 points. The USDA crop progress report showed the portion of the crop setting pods at 91%, up 7 points from last week and 8 from last week. The soybean condition rating was 64% good or excellent, down 2 points from last week and 5 points below last year.
Corn
September corn closed at USD4.17 1/4, down 4 cents; December corn closed at USD4.32 3/4, down 3 1/2 cents. The USDA crop progress report after the close showed corn dough at 88% of the crop, up 14 points from last week and 33 points ahead of last year. Corn dented was at 54%, up 22 points from last week and 37 points ahead of last year. Mature corn, first reported this week, was at 8%, up 5 points from last year. Corn condition rating was 70% good or excellent, up 1 point from last week.
Wheat
Sept CBOT wheat closed at USD6.92 1/4, up 13 1/4 cents; Sept KCBT wheat closed at USD7.17, up 11 1/2 cents; Sept MGEX wheat closed at USD7.16 1/4, up 16 1/4 cents. The USDA crop progress report tonight showed winter wheat harvested at 95%, up 4 points from last week and lagging a point from last year. Spring wheat harvested was at 53%, up 19 points from last week and 32% behind the 5 year average. Spring wheat good/excellent condition was the same as last week.
September soybeans closed at USD10.07, down 2 1/4 cents; September soybean meal closed at USD301.40, up USD0.60; September soybean oil closed at 39.25, down 27 points. The USDA crop progress report showed the portion of the crop setting pods at 91%, up 7 points from last week and 8 from last week. The soybean condition rating was 64% good or excellent, down 2 points from last week and 5 points below last year.
Corn
September corn closed at USD4.17 1/4, down 4 cents; December corn closed at USD4.32 3/4, down 3 1/2 cents. The USDA crop progress report after the close showed corn dough at 88% of the crop, up 14 points from last week and 33 points ahead of last year. Corn dented was at 54%, up 22 points from last week and 37 points ahead of last year. Mature corn, first reported this week, was at 8%, up 5 points from last year. Corn condition rating was 70% good or excellent, up 1 point from last week.
Wheat
Sept CBOT wheat closed at USD6.92 1/4, up 13 1/4 cents; Sept KCBT wheat closed at USD7.17, up 11 1/2 cents; Sept MGEX wheat closed at USD7.16 1/4, up 16 1/4 cents. The USDA crop progress report tonight showed winter wheat harvested at 95%, up 4 points from last week and lagging a point from last year. Spring wheat harvested was at 53%, up 19 points from last week and 32% behind the 5 year average. Spring wheat good/excellent condition was the same as last week.
