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Soybeans close up 8¢ | Monday, March 20, 2023
Corn ended the day down a penny.
Soybeans are up 8¢.
CBOT wheat is down 11¢. KC wheat is down 8¢. Minneapolis wheat is down 9¢.
Al Kluis, managing director of Kluis Commodity Advisors, says the wheat market is being impacted by the Black Sea trade deal's 60-day extension and moisture in the southern plains.
Live cattle are down 73¢. Lean hogs are down $1.48. Feeder cattle are down 88¢.
Crude oil is currently up 77¢.
S&P 500 futures are up 31 points. Dow futures are up 366 points.
Soybeans up 10¢ at midday: 11:38 a.m. CDT
At midday corn is down 3¢ while soybeans are up 10¢.
CBOT wheat is down 12¢. KC wheat is down 8¢. Minneapolis wheat is down 9¢.
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Live cattle are down 35¢. Lean hogs are down $1. Feeder cattle are down 28¢.
Crude oil is down 56¢.
The U.S. Dollar Index is at 103.04.
S&P 500 futures are up 16 points. Dow futures are up 238 points.
Grains in the red: 9:13 a.m. CDT
This morning corn is down 6¢ while soybeans are down 12¢.
CBOT wheat is down 7¢. KC and Minneapolis wheat are down 6¢.
Naomi Blohm, senior market advisor with Total Farm Marketing, says the current uncertainty around the global banking system is impacting markets, including grains.
Kluis says the cold weather pattern and large snow pack in the northern corn belt will become a positive market factor this spring as hope is gone for early planting.
Live cattle are currently down 8¢. Lean hogs are down $1.83. Feeder cattle are up 30¢.
Crude oil is down 85¢.
S&P 500 futures are up 17 points. Dow futures are up 352 points.
Outside of the U.S., milling wheat is down on the European MATIF trade. Corn is up on the Chinese Dalian trade while soybeans are down.
