Prices mixed at close | Tuesday, September 27, 2022
Corn and wheat ended the day up.
Corn is up 2¢ to $6.68. CBOT wheat is up 13¢ to $8.71. KC wheat is up 14¢ to $9.43. Minneapolis wheat is up 12¢ to $9.43.
Soybeans peaked early in the day at $14.34 then declined steadily and closed the day down 3¢ at $14.08.
October live cattle are up 10¢. Feeder cattle are down 95¢. Lean hogs are down $1.68.
The U.S. Dollar Index is up 0.11 points. The S&P 500 is down 6 points. The Dow is down 84 points.
Corn and soybeans dip slightly: 11:18 a.m.
Corn and soybeans are still up overall but they are off their morning highs.
Corn is currently up 5¢ and soybeans are up 8¢.
Wheat is also still up but off the high. CBOT wheat is up 25¢. KC wheat is up 27¢. Minneapolis wheat is up 22¢.
October futures for live cattle are up 10¢. Feeder cattle are down $1.53. Lean hogs are down 93¢.
The U.S. Dollar Index is down 0.02 points and currently sits at 114.
The S&P 500 is down 7 points. The Dow is down 99 points.
Grain prices bounce back: 9:12 a.m.
Coming off of yesterday's two-week lows, corn and soybeans are up this morning.
Corn is up 7¢ to $6.74. Soybeans are up 17¢ to $14.29.
Reuters is reporting corn and soybeans received a boost from the USDA Crop Progress report yesterday, which showed corn and soybean harvests are behind the five-year average.
Wheat is also up this morning. CBOT wheat is up 17¢. KC wheat is up 18¢. Minneapolis wheat is up 15¢.
Reuters reports this boost in wheat prices is due to concerns over the Russian wheat crop as farmers are drafted into the army.
Live cattle are up 48¢. Feeder cattle are down 53¢. Lean hogs are up 38¢.
This morning the U.S. dollar is down 0.39 points. Naomi Blohm with Total Farm Marketing says she is hearing "lots of chatter" on whether the high U.S. dollar will impede U.S. grain exports. She says in years past when the U.S. dollar was high, other countries could fill the demand but now the whole globe is supply short. She says this is a "historic" time.