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Corn and soybeans close up, but off their highs | Thursday, October 20, 2022

Corn ended the day up 5¢ to $6.84 and soybeans closed up 16¢ at $13.99. 

Both closed down from the day's highs. 

CBOT wheat closed up 10¢. KC wheat is up 8¢. Minneapolis wheat is up 9¢. 

Live cattle are up 33¢. Feeder cattle are down 53¢. Lean hogs are down 35¢. Al Kluis with Kluis Commodity Advisors says the higher corn price is putting pressure on feeder cattle prices. 

While up from this morning, the U.S. Dollar Index is down overall to 112.8. 

Crude oil is currently only up 29¢. 

The S&P 500 is down 27 points. The Dow is down 46 points. 

Grains still up at midday: 11:20 a.m. 

Corn is up 5¢. Soybeans have dipped below $14 again. Currently they are up 15¢ to $13.98.

CBOT wheat is up 4¢. KC wheat is up 5¢. Minneapolis wheat is up 8¢. 

Live cattle are up 20¢. Feeder cattle are down 83¢. Lean hogs are down 48¢. 

The S&P 500 is up slightly. The Dow is up 102 points. 

Soybeans back above $14: 9:21 a.m.

Soybean futures are up 17¢ this morning and cracking $14 for the first time in nearly a week. 

Corn is up 4¢ to $6.82. 

CBOT wheat is up a penny. KC wheat is up slightly. Minneapolis wheat is up 2¢. 

Live cattle are flat this morning. Feeder cattle are down 63¢. Lean hogs are down 55¢. 

Crude oil is up $2.54. Yesterday, President Joe Biden announced a 15 million barrel release of oil from the U.S. Strategic Petroleum Reserve in an attempted to temper gas prices across the country. 

The U.S. Dollar Index is down today to 112.5. 

The S&P 500 is up 22 points. The Dow is up 272 points. 

Outside the U.S. wheat on the MATIF trade is up. Corn and No. 1 soybeans are up on the Dalian trade, while No. 2 soybeans are down. 

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