Prices mixed at the close | Wednesday, November 9, 2022
Corn ended the day down 3¢ while soybeans are up 5¢.
CBOT wheat is down 22¢. KC wheat is down 17¢. Minneapolis wheat is down 12¢.
Live cattle are down $1.45. Lean hogs are down 30¢. Feeder cattle are 15¢.
Crude oil is down $3.16. The U.S. Dollar Index is up to 110.5.
The S&P 500 is down 67 points. The Dow is down 536 points.
Soybeans up 7¢ at midday
Corn is trading up less than a penny while soybeans are up 7¢.
CBOT wheat is down 16¢. KC wheat is down 13¢. Minneapolis wheat is down 9¢.
This morning the USDA World Agricultural Supply and Demand Estimates (WASDE) report projected increased supply of corn and soybeans.
- READ MORE: USDA projects higher corn and soybean supply
Al Kluis with Kluis Commodity Advisors calls today's news a "classic example of a bearish report with a higher trade showing that all the bad news was built in."
Live cattle are down $1.35. Lean hogs are down 35¢. Feeder cattle are up 5¢.
The S&P 500 is down 42 points. The Dow is down 347 points.
Prices start day down: 8:55 a.m.
Corn is down 3¢ this morning.
Soybeans are down 3¢ as well.
- READ MORE: 3 Big Things Today, November 9, 2022
CBOT wheat is down 7¢. KC wheat is down 6¢. Minneapolis wheat is down 6¢.
Live cattle are down 48¢. Lean hogs are down 3¢. Feeder cattle are down 55¢.
The USDA World Agricultural Supply and Demand Estimates report comes out today. Nick Tsiolis with Farmer's Keeper says the trade isn't expecting any major changes from last month's report, but Monday's "sluggish exports could show through this report more than the trade is expecting."