July soybeans close on lowest price of year | Friday, May 19, 2023
July corn ended the day up a penny from yesterday's closing price of $5.55 a bushel, which was the lowest closing price for July 2023 corn since December 2021.
July soybeans closed down 28¢ to $13.05 a bushel, the lowest closing price for July 2023 soybeans since January 2022.
CBOT wheat is down 7¢. KC wheat is down 31¢. Minneapolis wheat is down 25¢.
"The headlines for next week will likely be driven by winter wheat conditions, weather across the corn belt, and the U.S. export sales," says Bob Linneman, commodities broker for Kluis Commodity Advisors.
Live cattle are up 83¢. Lean hogs are down $2.15. Feeder cattle are up 60¢.
Crude oil is down 12¢.
S&P 500 futures are down 10 points. Dow futures are down 136 points.
Corn rebound continues at midday: 11:29 a.m. CDT
At midday corn is up 9¢.
Soybeans are down 4¢.
CBOT wheat is up 4¢. KC wheat is down 14¢. Minneapolis wheat is down 9¢.
Live cattle are up 15¢. Lean hogs are down $1.93. Feeder cattle are down 60¢.
Crude oil is down 20¢.
The U.S. Dollar Index June contract is at 102.98.
S&P 500 futures are down 15 points. Dow futures are down 162 points.
Corn starts day up 3¢: 9:09 a.m. CDT
Corn opened in the green, currently up 3¢.
Soybeans are up 4¢.
CBOT wheat is up 4¢. KC wheat is up 1⁄2 of a penny. Minneapolis wheat is up 4¢.
"Both stocks and commodities firmed overnight amid encouraging signs of progress in the debt ceiling talks," says Arlan Suderman, chief commodities economist for StoneX. "There is even chatter that the House of Representatives could vote on an agreement next week, easing concerns on Wall Street."
Live cattle are up 23¢. Lean hogs are down 35¢. Feeder cattle are down 33¢.
Crude oil is up 48¢.
S&P 500 futures are up 9 points. Dow futures are up 37 points.