Grains end the day in the red | Wednesday, November 16, 2022
Corn ended the day down 2¢. Soybeans are down 27¢.
CBOT wheat is down 12¢. KC wheat is down 9¢. Minneapolis wheat is down 8¢.
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Cory Bratland with Kluis Commodity Advisors says prices are down largely due to the strike on Poland yesterday being an accident.
He also says news today that Mexico is buying over 1.8 million metric tons of U.S. corn is positive news for the market.
Live cattle are up $1.28. Lean hogs are up 38¢. Feeder cattle are up 50¢.
Crud oil is down to $85.6 per barrel.
The S&P 500 is down 32 points. The Dow is down 35 points.
Soybeans continue to fall at midday: 11:16 a.m.
Soybean futures are currently down 28¢.
Corn is down 4¢.
CBOT wheat is down 15¢. KC wheat is down 11¢. Minneapolis wheat is down 13¢.
Live cattle are up $1.05. Lean hogs are down 78¢. Feeder cattle are up 23¢.
The S&P 500 is down 22 points. The Dow is up 43 points.
Soybeans down 19¢ at the open: 9:03 a.m.
This morning soybean futures are down 19¢ and corn futures are down 6¢.
CBOT wheat is down 20¢. KC wheat is down 15¢. Minneapolis wheat is down 12¢.
Prices were elevated yesterday afternoon upon news of a missile strike that crossed the Ukraine-Poland border and killed two Poles. Overnight into this morning those gains are being returned.
Reuters reports Poland and NATO have said the strike was likely not Russian but a stray fired by Ukrainian defenses. However, the NATO Secretary General maintains Russia is chiefly responsible because they started the war.
- READ MORE: Russia's ware on Ukraine latest news: Poland and NATO say missile that killed two probably Ukrainian air defense
Live cattle are unchanged. Lean hogs are up 38¢. Feeder cattle are up 90¢.
Crude oil is down $1.77. The U.S. Dollar Index is down 0.18 points.
Milling wheat on the European MATIF trade is down. Corn and soybeans are down on the Chinese Dalian trade.