Grains end the day mixed | Monday, November 14, 2022
Corn ended the day down a penny. Soybeans are down 8¢.
Wheat futures are up. CBOT wheat is up 5¢. KC wheat is up 12¢. Minneapolis wheat is up 17¢.
Live cattle are down 73¢. Lean hogs are up 60¢. Feeder cattle are up 90¢.
Crude oil is down $3.41.
The U.S. Dollar Index is up 0.39 points.
The S&P 500 is up 10 points. The Dow is up 117 points.
Corn in the green at midday: 11:08 a.m.
At this hour December corn is quietly in the green, up less than a penny.
Soybeans are down 13¢.
CBOT wheat is up 7¢. KC wheat is up 14¢. Minneapolis wheat is up 15¢.
Livestock is still mixed with live cattle down 73¢, lean hogs up 78¢, and feeder cattle up 55¢.
The S&P 500 is down 3 points. The Dow is up 75 points.
Crude oil is currently down $2.28. Today OPEC reduced its forecast for oil demand growth for this year and next year. Naomi Blohm with Total Farm Marketing says the reduction is in response to "concern that faster inflation and rapidly rising interest rates will weigh on the world's energy needs."
Soybeans down 10¢ at open: 9:06 a.m.
This morning January soybean futures are down 10¢ while corn is down a penny.
CBOT wheat is down 3¢. KC wheat is up 5¢. Minneapolis wheat is up 9¢.
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Al Kluis with Kluis Commodity Advisors says early news reports that the Black Sea grain trade agreement will likely be renewed is "Good news for the world, but is short-term bearish for the grain markets." He adds, "However, the deal is not done yet."
Livestock futures are mixed this morning. Live cattle are down 3¢. Feeder cattle are up 60¢. Lean hogs are up 8¢.
Outside of the U.S., milling wheat is down on the MATIF trade. Corn and No. 1 soybeans are up on the Chinese Dalian trade.
The U.S. Dollar Index is down to 107.
Crude oil is down $1.05 to $88 a barrel.
The S&P 500 is down 16 points. The Dow is down 2 points.