Soybeans close up 13¢ | Monday, March 27, 2023
Corn closed up 4¢ and soybeans are up 13¢.
CBOT wheat is up 9¢. KC wheat is up 11¢. Minneapolis wheat is up 16¢.
Live cattle are up $2.15. Lean hogs are up $1.63. Feeder cattle are up $3.25.
Crude oil is up $3.65.
S&P 500 futures are up 20 points. Dow futures are up 284 points.
Prices go green at midday: 11:27 a.m. CDT
At midday corn is up 2¢ and soybeans are up 12¢.
CBOT wheat is up 14¢. KC wheat is up 20¢. Minneapolis wheat is up 23¢.
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Live cattle are up $1.85. Lean hogs are up $2.50. Feeder cattle are up $3.60.
Crude oil is up $1.91.
The U.S. Dollar Index June contract is at 102.59.
S&P 500 futures are up 7 points. Dow futures are up 190 points.
Corn down 2¢: 9:14 a.m. CDT
Corn is currently down 2¢ while soybeans are down a penny.
This morning USDA announced the export of 112,800 metric tons of corn for delivery to unknown destinations during the 2022/2023 marketing year.
CBOT wheat is down 2¢. KC wheat is up a penny. Minneapolis wheat is up 6¢.
Al Kluis, managing director of Kluis Commodity Advisors, says he is focusing on U.S. weather. He says current forecasts are positive for prices, especially corn, and the chance of early planting is gone.
Live cattle are up $1.60. Lean hogs are up $2.00. Feeder cattle are up $3.43.
Crude oil is up $1.35.
S&P 500 futures are up 28 points. Dow futures are up 264 points.
Milling wheat is down on the European MATIF trade. Corn and soybeans are down on the Chinese Dalian trade.
Naomi Blohm, senior market advisor with Total Farm Marketing, says with this week being the end of the month and the end of the quarter, there may be a lot of position squaring.
On Friday USDA will release the anticipated prospective planting report as well as the quarterly grain stocks report.