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Soybeans sneak up at the close | Wednesday, October 19, 2022

Today soybean futures went from down, to flat, to quietly higher by less than a penny at the close. 

Corn is down 3¢. 

CBOT wheat is down 8¢. KC wheat is down 3¢. Minneapolis wheat is down 4¢. 

Crude oil is up $2.87. AP reports President Joe Biden will announce a release of 15 million barrels of oil from the United States Strategic Oil Reserve in an attempt to temper prices at the gas pump. 

Live cattle are up $1.58. Feeder cattle are still up by 25¢. Lean hogs are up by 90¢. 

The S&P 500 is down 32 points. The Dow is down 180 points. 

Prices down midday: 11:30 a.m.

At this hour, corn is down 5¢ and soybeans are flat. 

Wheat has reversed from being up this morning. CBOT wheat is down 11¢. KC wheat is down 7¢. Minneapolis wheat is down 3¢. 

Live cattle are up $1.28. Feeder cattle are up 25¢. Lean hogs are up 33¢. 

Crude oil is up $1.17. The S&P 500 is down 25 points. The Dow is down 89 points. 

Wheat prices up 9:23 a.m. 

This morning CBOT wheat futures are up 1¢. KC wheat is up 5¢. Minneapolis wheat is up 3¢. 

Corn is down 5¢ this morning. Soybeans are down 11¢. 

Negotiations to extend the Black Sea grain shipping agreement are ongoing. The agreement, ensuring Ukrainian grain can be sent around the world, is set to expire in November. Meanwhile, Reuters reports Russian President Vladimir Putin has declared martial law in Russian-controlled parts of Ukraine. 

Live cattle are up 50¢. Feeder cattle are flat. Lean hogs are down 10¢. 

The U.S. Dollar Index is up again today to 112.8. Crude oil is up $1.09.

The S&P 500 is down 17 points. The Dow is down 57 points. 

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