Grains mixed after choppy day | October 27, 2022
Corn ended the day down 3¢.
Soybeans closed up 2¢.
CBOT wheat is down 2¢. KC wheat is down 8¢. Minneapolis wheat is down 2¢.
Live cattle are down 15¢. Feeder cattle are down 70¢. Lean hogs are down $3.38.
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The S&P 500 is down 15 points. The Dow is is up 293 points.
Prices down at midday: 10:50 a.m.
At this hour, corn is down 4¢ and soybeans are down less than a penny.
CBOT wheat is down 2¢. KC wheat is down 6¢. Minneapolis wheat is up a penny.
Live cattle are down 15¢. Feeder cattle are down 10¢. Lean hogs are down $3.
The S&P 500 is down half a point. The Dow is up 345 points.
Crude oil is up $1.20.
Wheat up 15¢ at market open: 8:57 a.m.
Corn is up a penny while soybeans are up 7¢.
CBOT wheat is up 15¢. KC wheat is up 12¢. Minneapolis wheat is up 9¢.
Live cattle are down 15¢. Feeder cattle are down 20¢. Lean hogs are down 43¢.
This morning the weekly USDA Foreign Agricultural Service exports report was released. Net sales for corn between Oct. 14 and Oct. 20 came in at 264,000 metric tons, below the trade's expectation according to Kluis Commodity Advisors. Al Kluis says the report was bearish for prices.
Soybean net sales were 1,026,400 metric tons, within the expected range.
Wheat net sales were at 533,200 metric tons.
The U.S. Dollar Index is at 110 this morning. Bob Linneman with Kluis Commodity Advisors says if the dollar continues to go down, it should aid exports. Currently the U.S. grain exports are the highest priced in the world.
The S&P 500 is up 8 points. The Dow is up 368 points.