Soybeans close up 24¢ | Monday, January 30, 2023
Soybeans ended a strong day of trade up 24¢.
Corn closed up a penny.
CBOT wheat is up 2¢. KC wheat is up 5¢. Minneapolis wheat is flat.
Live cattle are up $2.55. Lean hogs are flat. Feeder cattle are up 30¢.
Crude oil is down $1.80.
S&P 500 futures are down 44 points. Dow futures are down 200 points.
Soybeans steady at midday: 11:13 a.m. CST
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CBOT wheat is up 3¢. KC wheat is up 6¢. Minneapolis wheat is up 3¢.
Live cattle are up $2.48. Lean hogs are up 65¢. Feeder cattle are up $1.15.
Crude oil is down $1.20.
The U.S. Dollar Index is at 101.90.
S&P 500 futures are down 27 points. Dow futures are down 62 points.
Soybeans start day up 22¢: 9:13 a.m. CST
Corn is starting the day down 2¢ while soybeans are up 22¢.
Nick Tsiolis, founder of Farmer's Keeper, says traders are "shrugging off" the recent Argentinian rains as reports come in that dry conditions earlier in the season have done irreparable damage to the soybean crop.
He adds Brazil's slow harvest pace is also contributing to this morning's soybean bump.
CBOT wheat is up a penny. KC wheat is up 6¢. Minneapolis wheat is up 4¢.
Live cattle are up $1.23. Lean hogs are down 73¢. Feeder cattle are up 93¢.
USDA announced new corn exports this morning. Japan purchased 112,000 metric tons of corn for delivery durning the 2022/2023 marketing year.
Crude oil is down $1.21.
S&P 500 futures are down 15 points. Dow futures are down 17 points.
Outside of the U.S., milling wheat is up on the MATIF trade, corn is down on the Dalian trade, and No. 1 soybeans are up on the Dalian trade.