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.