Grains end day mixed | Thursday, October 13, 2022
Corn ended the day up 5¢.
Soybean futures are down 2¢.
CBOT wheat gave back more than half of its midday gains and finished up 9¢. The same goes for KC wheat, which closed up 12¢. Minneapolis wheat is up only 9¢.
Live cattle are down 53¢. Feeder cattle are down 58¢. Lean hogs are down 10¢.
The U.S. Dollar Index is still down 0.9 points.
The S&P 500 is up 80 points. The Dow is up 750 points.
Prices make a comeback at midday: 11:43 a.m.
Corn and soybean futures are both up 2¢ currently.
CBOT wheat is up 22¢. KC wheat is up 25¢. Minneapolis wheat is up 23¢.
Naomi Blohm with Total Farm Marketing says the price comeback is likely due to the U.S. dollar being down. The U.S. Dollar Index is currently down 0.9 points to 112.3.
Live cattle are down 40¢. Feeder cattle are down 65¢. Lean hogs are down 50¢.
Grains start day down: 9:06 a.m.
Corn futures are currently down 7¢ to $6.86.
Soybeans are down 11¢ to $13.83. Yesterday's WASDE report sent soybeans surging, but as of now they have given back most of their gains.
CBOT wheat is down 11¢. KC wheat is down 9¢. Minneapolis wheat is down 7¢.
Live cattle are down 33¢. Feeder cattle are up 23¢. Lean hogs are down 45¢.
According to Commodity Weather Group, rains in Brazil are slowing harvest, while drought in Argentina is hindering corn seeding and lowering wheat yield. They say rains in the Midwest are unlikely to make a significant impact for the Mississippi River flow. The Mississippi River has recently been closed in key areas due to low water flow, hindering grain shipping out of the Midwest.
The S&P 500 is down 45 points. The Dow is down 252 points.