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Prices find new lows | Tuesday, August 16, 2022

Continuing the downward tumble, September corn futures settled at $6.11, down 15¢. September soybeans settled at $14.55, down 39¢. 

CBOT wheat is down 15¢. KC wheat is down 11¢. Minneapolis wheat is down 8¢. 

Cattle ends the day on a high note. Live cattle is up $1.88. Feeder cattle is up $2.48. Lean hogs are down $4. 

Crude oil fell even further and is down $3.29. 

Grain prices continue to fall: 11:52 a.m. 

September corn futures are now down 15¢ and have fallen about 6¢ lower than yesterday's low. September soybean futures are down 41¢, about 13¢ lower than yesterday's low. 

CBOT wheat is down 9¢. KC wheat is down 6¢. Minneapolis wheat is down 10¢. 

At this hour livestock prices are mixed. Live cattle is up $1.68. Feeder cattle is up $2.43. Lean hogs are down $.180. 

Crude oil is down $2.65. 

The Dow is up 200 points. S&P 500 is up 6.50. 

Prices down from overnight highs: 8:52 a.m.

In the overnight market corn prices improved after yesterday's crash. This morning prices are back down. September corn futures are down 6¢. Soybeans fell overnight below yesterday's high. They are currently down 21¢, and are below yesterday's low. 

Wheat prices are also down. CBOT is down 10¢. KC wheat is down 6¢. Minneapolis wheat is down 8¢. 

Livestock are all up this morning. 

Crude oil is currently down a penny.

The past couple of days have brought much needed rain to parts of the Corn Belt. Naomi Blohm with Total Farm Marketing says rains are forecast next week for the Southern Plains, which will be beneficial for pasture and field conditions thinking ahead for winter wheat planting.

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