Price end on a low note | Thursday, August 25, 2022
At the close, September corn futures are down 8¢ and December corn futures are down 6¢. September soybeans are down 7¢ while November soybeans are down a whopping 27¢.
CBOT and KC wheat are both down 28¢. Minneapolis wheat is down 25¢.
Livestock are mixed. Live cattle end the day down 13¢. Feeder cattle are up $1.23. Lean hogs are up 73¢.
At this hour, crude oil is down $1.79. The U.S. dollar is down 20¢. The S&P 500 is up 32 points. The Dow is up 125 points.
Grain prices choppy: 11:09 a.m.
Since this morning, grain prices have experienced a lot of ups and downs. At this hour, September corn is down a penny. December corn is up a penny.
September soybeans are up 12¢. November soybeans are down 6¢.
CBOT wheat is down 4¢. KC wheat is down 2¢. Minneapolis wheat is down a penny.
Live cattle is down 18¢. Feeder cattle has rebounded and is up 75¢. Lean hogs are up 15¢.
Grain prices start day mixed: 9:03 a.m.
September and December corn are both up 4¢ this morning. September soybeans are down 6¢, and November soybeans are down 9¢.
Wheat is starting off the day mixed. CBOT is down 6¢. KC is down 3¢. Minneapolis wheat is up a penny.
Livestock are off to a rough start. Live cattle is down 20¢. Feeder cattle is down 63¢. Lean hogs are down 10¢.
Crude oil is currently down a nickel. The U.S. dollar is down 8¢.
The S&P 500 is up 33 points, and the Dow is up 113 points.
Naomi Blohm with Total Farm Marketing says stocks have been two sided as traders wait for the Federal Reserve Chairman Jerome Powell's speech in Wyoming tomorrow. She says some expect him to make the case for plowing ahead with interest rate rises to curb decades-high inflation, a stance that could take the wind out of the stock market rally that took off in mid-June. She says investors are also concerned about the major slowdown in China's economy.
Outside of the U.S., milling wheat on the MATIF exchange is up. Corn and No. 2 soybeans are up, and No. 1 soybeans are down on the Dalian exchange.
While tensions continue in Ukraine, Russian President Vladimir Putin has ordered the Russian military to increase its number of servicemen to a total of 1.15 million soldiers.