Content ID

333800

Grains end the day up | Tuesday, September 20, 2022

Corn ended the day up 13¢ and soybeans are up 15¢. 

CBOT wheat is up 59¢. KC wheat is up 51¢. Minneapolis wheat is up 41¢. 

Live cattle end the day up 58¢. Feeder cattle are down $2.28. Lean hogs are down 50¢. 

The S&P 500 is down 66 points. The Dow is down 515 points. 

Crude oil is down $1.28. The U.S. Dollar Index is up 0.54 points. 

Grains rally following news out of Russia: 11:57 a.m.

At this hour, corn is up 12¢ to $6.90. Soybeans are up 20¢ to $14.81. 

CBOT wheat has rallied up 49¢ to $8.80. KC wheat is up 42¢ to $9.51. Minneapolis wheat is up 32¢ to $9.50.

Naomi Blohm with Total Farm Marketing says prices are skyrocketing following news that Russia is moving forward with a plan to annex several occupied parts of Ukraine.

She says it would take over-the-top bullish news from the Federal Reserve tomorrow to push corn above $7 and soybeans above $15. 

Live cattle are up 40¢. Lean hogs are down 8¢. Feeder cattle are down $1.63.  

Grain prices start day mixed: 9:20 a.m. 

Corn futures are up 10¢ this morning while soybeans are down 2¢. 

Blohm says news of a small Chinese crop is supporting U.S. corn prices. 

Wheat prices were hit hard yesterday on the heels of news of a large Russian wheat crop, according to Al Kluis with Kluis Commodity Advisors. Prices are rebounding today.

CBOT wheat is up 23¢. KC wheat is up 21¢. Minneapolis wheat is up 18¢. 

October live cattle futures are up 60¢. Feeder cattle are down 90¢. Lean hogs are down 30¢. 

Crude oil is down $1.63. The U.S. dollar index is up 0.35 points. 

The S&P 500 is down 46 points. The Dow is down 378 points. 

Blohm says the stock market will likely be volatile until the Federal Reserve interest rate announcement on Wednesday. A 75 basis points rate increase is expected. 

Outside the U.S., milling wheat is up on the MATIF trade. Corn and soybeans are up on the Dalian trade. 

Read more about
Loading...

Talk in Marketing