Content ID

333437

Grains finish day strong | Friday, September 9, 2022

Corn finished the day up 16¢ and soybeans are up 27¢. 

CBOT wheat is up 43¢. KC wheat is up 39¢. Minneapolis wheat is up 29¢.

Livestock all finished the day up. 

Naomi Blohm with Total Farm Marketing says wheat jumped higher today because of news of the ongoing tension around Zaporizhzhia nuclear energy plant in Ukraine. 

Director General of the International Atomic Energy Agency is calling for the establishment of a Nuclear Safety and Security Protection Zone around the plant. Addressing the UN Security Council he says "we are playing with fire and something very catastrophic could take place." 

Blohm also says the U.S. dollar being lower is lifting corn, soybean, and wheat prices. Currently the dollar is down 71¢.  

Wheat prices jump higher: 11:10 a.m.

Grain prices are still up at midday, particularly wheat prices. 

CBOT wheat is up 36¢. KC wheat is up 31¢. Minneapolis wheat is up 30¢. 

Corn is currently up 11¢ and soybeans are up 18¢. 

Live cattle are up $1.18. Feeder cattle are up $1.35. Lean hogs are up 70¢. 

The S&P 500 is up 54 points. The Dow is up 348 points.  

Grain prices up this morning: 9:29 a.m. 

To start the day, corn is up 7¢ and soybeans are up 17¢. 

CBOT wheat is up 20¢. KC wheat is up 21¢. Minneapolis wheat is up 17¢. 

Live cattle are down 3¢. Feeder cattle are up 38¢. Lean hogs are down 45¢. 

Still no export repot out of USDA but there was some news this week on world trade. In the first three days of this week Argentina sold 3.1 million tonnes of soybeans, nearly five times more than last week. This was in response to an announcement from the Argentine government of a favorable exchange rate this month for selling soybeans. 

The U.S. dollar is down 79¢ this morning. Crude oil is up $2.29. 

Keep an eye on how things develop between Russian and Ukraine concerning the export agreement. Earlier this week Russian President Vladimir Putin criticized Ukraine for not sending enough grain to developing nations. Putin is meeting with Turkish President Tayyip Erdogan next week and will discuss the deal. 

Read more about
Loading...

Talk in Marketing