Grains end day in the green | Wednesday, November 23, 2022
After a mixed start to the day, grains closed on an upswing. March corn is up 6¢ and January soybeans are up 7¢.
March CBOT wheat reversed course and is up 3¢. March KC wheat is up 9¢. March Minneapolis wheat is up 2¢.
Cory Bratland with Kluis Commodity Advisors says with today being such a light trading day, grain prices are easily pushed up and down.
February live cattle are down 93¢. February lean hogs are down $1. January feeder cattle are down $2.30.
Crude oil is currently down $3.25.
The S&P 500 is up 13 points. The Dow is up 73 points.
NOTE: There will be no Successful Farming market updates Thursday or Friday as our offices are closed. The market is closed on Thursday and reopens Friday at 8:30 a.m. CT and closes early at 12:05 p.m. CT.
Prices remain mixed at midday: 10:52 a.m.
Corn is currently up 2¢. Soybeans are down 3¢.
CBOT wheat is still down a penny. KC wheat is now up a penny. Minneapolis wheat is up 6¢.
Live cattle are down 75¢. Lean hogs are down 45¢. Feeder cattle are down $1.90.
With the holiday tomorrow, trade is closed until 8:30 a.m. Friday morning. Naomi Blohm with Total Farm Marketing says trade on Friday may be quiet or "dramatic," but either way, don't put too much stock in it.
Wheat at lowest price in 3 months: 9:06 a.m.
Corn is starting the day up 3¢ while soybeans are down 3¢.
CBOT wheat is down a penny to $8.09, the lowest price since late August. KC wheat is down a penny to $9.11. Minneapolis wheat is down 2¢ to $9.48.
Live cattle are down 20¢. Lean hogs are up 8¢. Feeder cattle are down 50¢.
Al Kluis with Kluis Commodity Advisors says poor winter wheat conditions in the U.S. and smaller crops in Argentina and Ukraine should lead to more bullish wheat prices soon.
Crude oil is down $2.77 this morning.
The U.S. Dollar Index is down 0.88 points.
The S&P 500 is up 18 points. The Dow is up 109 points.