Soybeans end day up 18¢ | Wednesday, December 7, 2022
At the close, corn is up 5¢ and soybeans are up 18¢.
Wheat also ended the day in the green with CBOT wheat up 20¢, KC wheat up 19¢, and Minneapolis wheat up 6¢.
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Livestock, however, are in the red. Live cattle are down 3¢. Lean hogs are down 40¢. Feeder cattle are down 68¢.
Crude oil has fallen even further from midday and is currently down $2.21.
The U.S. Dollar Index is unchanged since this morning at 104.7.
The S&P 500 is down 5 points. The Dow is up 10 points.
Wheat up 20¢ at midday: 11:02 a.m.
Corn is currently up 2¢ while soybeans are up 9¢.
CBOT wheat is up 20¢. KC wheat is up 13¢. Minneapolis wheat is up 5¢.
Live cattle are down 40¢. Lean hogs are up 38¢. Feeder cattle are down 30¢.
Crude oil is currently down $1.50.
The S&P 500 is down 9 points. The Dow is down 31 points.
Corn starts day up 3¢: 8:59 a.m.
This morning, corn is up 3¢ and soybeans are up 11¢.
CBOT wheat is up 17¢. KC wheat is up 12¢. Minneapolis wheat is up 4¢.
Al Kluis with Kluis Commodity Advisors says soybean traders are nervous about dryness in Argentina. According to Commodity Weather Group, less than half of corn and soybean acres in Argentina are likely to see rain by Monday.
The USDA World Agricultural Supply and Demand Estimates (WASDE) report comes out Friday. Kluis says it is likely to create "extreme volatility" in the corn market.
Live cattle are down 20¢. Lean hogs are up 53¢. Feeder cattle are down 40¢.
Crude oil is up 63¢ this morning.
Naomi Blohm with Total Farm Marketing says China's increased oil imports this November and China's easing of COVID-19 restrictions have given oil a price boost.
The U.S. Dollar Index is currently at 104.7.
Wheat is up on the MATIF trade. On the Dalian trade, corn is down and No. 1 soybeans are up.
The S&P 500 is up 6 points. The Dow is up 31 points.