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Corn ends day down 3¢ | Tuesday, November 22, 2022

Prices are in the red to end the day. Corn is down 3¢ to $6.60. Soybeans are down 4¢ to $14.32. 

CBOT wheat is down 6¢ to $8.12. KC wheat is down 10¢ to $9.13. Minneapolis wheat is down 2¢ to $9.46. 

Live cattle are down 40¢. Lean hogs are up 10¢. Feeder cattle are down $1.13. 

The S&P 500 is up 38 points. The Dow is up 309 points. 

Keep in mind it is a holiday week. There will be normal trading hours tomorrow, but the grains and livestock markets will be closed on Thursday and close at noon on Friday. 

Prices down at midday: 11:35 a.m. 

At this hour, corn is down 2¢ and soybeans are down a penny. 

CBOT wheat is down 7¢. KC wheat is down 10¢. Minneapolis wheat is down 3¢. 

Live cattle are down 10¢. Lean hogs are up 53¢. Feeder cattle are down 68¢.

Crude oil is up to $81.93. 

The U.S. Dollar Index is at 107.3. 

The S&P 500 is up 30 points. The Dow is up 254 points. 

Soybeans open down while corn is up slightly: 9:20 a.m. 

This morning, soybeans are down 2¢ and corn is up less than a penny. 

Wheat is moving in a positive direction with CBOT wheat up 4¢. KC wheat is up a penny. Minneapolis wheat is up 2¢. 

Live cattle are down 38¢. Lean hogs are up 8¢. Feeder cattle are down 95¢. 

After a dramatic Monday, crude oil is up 97¢ this morning to $81.01. Naomi Blohm with Total Farm Marketing says news that OPEC would increase production drove prices down Monday until Saudi Arabia denied the claim. 

Looking ahead, Nick Tsiolis with Farmers Keeper says there are a variety of bearish factors at play for the markets right now, such as the potential of a large crop from South America and the high U.S. dollar suppressing exports. Yet, he says the national average cash basis for corn and soybeans is near a 20-year high. 

"Our next focus will be on the spreads for further clues, but as of now futures prices remain in the same range for over two months," he says. 

As of now, the U.S. Dollar Index sits at 107.1. 

The S&P 500 is up 18 points. The Dow is up 256 points. 

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