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Corn and soybeans finish off their highs | Tuesday, October 4, 2022

Corn ended the day up 3¢ at $6.84. Soybeans closed up 9¢ at $13.83. Both are down from their highs earlier in the day. 

CBOT wheat closed down 7¢. KC wheat closed up a penny. Minneapolis wheat is down 4¢. 

Live cattle are still down 53¢. Feeder cattle are down 85¢. Lean hogs are down $3.30. 

Nick Repke with Kluis Commodity Advisors says outside markets influenced grain prices today.

The S&P 500 is up 95 points. The Dow is up 662 points. 

Crude oil is up $2.65. The U.S. dollar is down 1.5 points.  

Grain prices mixed at midday: 11:29 a.m. 

At this hour, corn is up 5¢ and soybeans are up 13¢. 

CBOT wheat is down 3¢. KC wheat is up 7¢. Minneapolis wheat is up 2¢. 

Live cattle are down 53¢. Feeder cattle are down 70¢. Lean hogs are down $2.03. 

The Wall Street Journal reports Amin Nasser of Saudi Aramco, the world's largest oil company, said at a conference in London that the "world should be worried" about tight oil supplies. Crude oil is currently up $3.27.

The U.S. dollar is down 1.53 points. The S&P 500 is up 106 points. The Dow is up 773 points. 

Soybeans trending upward: 9:46 a.m. 

This morning soybeans are up 14¢. Following Friday's USDA report, soybeans lost nearly 60¢. Yesterday, they started to regain some losses. Overnight and this morning, they have climbed higher still. 

Corn is up 3¢ this morning. Corn has lost some of its gains from Friday, but is still up from where it was most of last week prior to Friday. 

CBOT wheat is down 4¢ and has also given up gains since Friday. KC wheat is up 4¢. Minneapolis wheat is up a penny. 

December live cattle are down 30¢. Feeder cattle are down 35¢. Lean hogs are up 95¢. 

Crude oil is up $1.67. The U.S. dollar is down a point to 110.6.

The S&P 500 is up 102 points. The Dow is up 740 points.  

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