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Grains close mixed | Tuesday, February 7, 2023
Corn and soybeans both ended the day down 5¢.
CBOT wheat closed flat. KC wheat is up 10¢. Minneapolis wheat is down 1/4 of a penny.
Live cattle ended the day down 93¢. Lean hogs are up 38¢. Feeder cattle are down 60¢.
Crude is up $3.11 to $77.22 a barrel.
S&P 500 futures are up 33 points. Dow futures are up 118 points.
Soybeans down 7¢ at midday: 10:40 a.m. CST
At midday corn is still down 2¢. Soybeans are down 7¢.
CBOT wheat is up 3¢. KC wheat is up 8¢. Minneapolis wheat is up 2¢.
- READ MORE: A tougher financial road ahead for farmers
Live cattle are down 28¢. Lean hogs are up 68¢. Feeder cattle are up 68¢.
Crude oil is up $2.12.
The U.S. Dollar Index is at 103.52.
S&P 500 futures are down 3 points. Dow futures are down 108 points.
Corn down 2¢ at open: 9:07 a.m. CST
This morning, corn is down 2¢ while soybeans are up just a quarter of a cent.
CBOT wheat is up 2¢. KC wheat is up 9¢. Minneapolis wheat is up 4¢.
Bob Linneman with Kluis Commodity Advisors says yesterday's export sales to Mexico and Japan are "a good way to start the week," but he says "traders are concerned that the weekly export inspections data will start to fade, since that is the seasonal trend."
He notes traders are concerned there hasn't been any sales to China in recent days.
Live cattle are down 43¢. Lean hogs are up 13¢. Feeder cattle are down 15¢.
Crude oil is up $1.12 this morning.
S&P 500 futures are down 9 points. Dow futures are down 131 points.
