Grains close down | Tuesday, October 18, 2022
Corn ended the day down 2¢ while soybeans are down 11¢.
CBOT wheat is down 10¢. KC wheat is down 6¢. Minneapolis wheat is down a penny.
Live cattle are up 58¢. Feeder cattle are up $1.43. Lean hogs are up $1.53.
Crude oil is down $2.84. AP reports the Biden Administration may release gallons from the U.S. Strategic Oil Reserve in an attempt to lower gas prices before the November election. The Energy Information Administration reports the average price for a gallon of gas in the U.S. is $3.87.
Prices continue to fall: 11:42 a.m.
Soybean futures are down 10¢ currently. Corn is down 4¢.
CBOT wheat is down 17¢. KC wheat is down 11¢. Minneapolis wheat is down 6¢.
Live cattle are up 25¢. Feeder cattle are up $1.20. Lean hogs are up $1.30.
Crude oil is down $2.92.
The U.S. Dollar Index is up to 112.1.
The S&P 500 is currently up 40 points. The Dow is up 279 points.
Prices start day down: 9:21 a.m.
Corn futures are down 6¢ and soybean futures are down 7¢ this morning.
CBOT wheat is down 15¢. KC wheat is down 14¢. Minneapolis wheat is down 11¢.
- READ MORE: 3 Big Things Today, October 18, 2022
Naomi Blohm with Total Farm Marketing says the higher U.S. dollar and lower outside markets are weighing on commodities. Currently, the U.S. Dollar Index is at 111.9. The S&P 500 is up 67 points. The Dow is up 535 points. Both are down in comparison to where they were earlier this summer or even a month ago.
Live cattle are up 13¢. Feeder cattle are up 60¢. Lean hogs are down 10¢.
Wheat on the European MATIF trade is down. Corn is up on the Chinese Dalian trade and soybeans are down.