Wheat up 7¢ at close of volatile week | Friday, November 4, 2022
Despite ending the week far below the early surge, CBOT wheat futures still ended they day up 7¢ and are about 17¢ higher than last Friday's close.
KC wheat ended the day up 13¢. Minneapolis wheat is up 11¢.
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Wheat futures shot up early in the week upon news that Russia was leaving the Black Sea trade agreement, but by Wednesday Russia was back in and wheat prices tanked.
Corn futures are up a penny. Soybeans are up 25¢.
Live cattle are down 25¢. Lean hogs are down 35¢. Feeder cattle are up 23¢.
Crude oil is currently up $4.48.
The S&P 500 is up 24 points. The Dow is up 192 points.
Prices up at midday: 11:19 a.m
Corn is currently up 2¢. Soybeans are up 23¢.
CBOT wheat is up 6¢. KC wheat is up 9¢. Minneapolis wheat is up 16¢.
Live cattle are down 13¢. Feeder cattle are up 78¢. Lean hogs are down 10¢.
The S&P 500 is down 7 points. The Dow is down 12 points.
Grain prices start day mixed: 9:34 a.m.
Corn is up 2¢ this morning.
CBOT wheat is down 3¢. KC wheat is up 2¢. Minneapolis wheat is up 5¢.
Soybeans are up 25¢ to $14.62.
Naomi Blohm with Total Farm Marketing says soybeans are up in response to rumors China may ease COVID-19 lockdowns, spurring demand.
Feeder cattle are up 8¢. Lean hogs and live cattle are both down 3¢.
The U.S. Dollar Index is down this morning to 111.2. Al Kluis with Kluis Commodity Advisors says the U.S. is one good growing season in South America away from becoming the last place in the world nations look to for grain because of the high dollar.
Commodity Weather Group says rains coming this weekend will benefit wheat as well as the Mississippi River flow.