Big Rise in Soybeans Today

grain market recap
grain market recap
(Commodity Update)

Corn: July corn futures rose 1 3/4 cents to $7.83 1/4, while December futures fell 4 1/4 cents to $7.36, the lowest settlement for the new-crop contract since May 11. Corn futures ended mostly lower amid expectations for improved U.S. planting progress and a second day of sharp declines in wheat. 

Soybeans: July soybeans rose 27 3/4 cents to $16.90 1/2, the contract’s highest close since April 27. November soybeans rose 15 cents to $15.14 1/2. July soymeal rallied $11.30 to $425.30, while July soyoil fell 102 points to 79.53, a four-week low. 

Wheat: July SRW wheat fell 30 1/4 cents to $12.00 1/2. July HRW wheat fell 29 1/4 cents to $12.95 1/4. July spring wheat futures tumbled 22 1/4 cents to $13.30 1/2. Wheat futures fell on a second day of heavy profit-taking following the rally to contract highs early this week, with additional pressure from improved rain chances in the U.S. Plains.

Cattle: June live cattle closing unchanged at $131.50, while August feeder futures fell 60 cents to $165.20. Nearby live cattle were supported by firmness in wholesale beef and indications cash prices this week won’t be as weak as previously thought.

Hogs: June lean hogs fell 80 cents to $105.30 and July hogs fell $1.55 to $106.975. Hog futures fell for the first session in five in a corrective pullback from a recent rally. Nearby hogs are still up sharply for the week, suggesting the market has hit a near-term bottom and started a delayed seasonal rally.


Latest News

Grains Try to Recover Midday with Reversal in Outside Markets: Live Cattle Mixed with Bullish Cattle Inventory Expectations

Grains try to recover midday with help from the reversal in outside markets. LC mixed with bullish hopes for the USDA Cattle Inventory Report.  Hogs lower. Scott Varilek of Kooima Kooima Varilek has details.  

Grains Start Higher on Weather Concerns in Argentina and HRW Areas, Then Corn Fails: Cattle Higher with $1 Better Southern Cash Friday

Grains higher early with technical buying and a drier Argentina weather concerns. Cattle higher with $1 higher cash on Friday. Hogs back lower.  Michelle Rook has a quick update.  

Today's Market Recap (1.20.23)

Market recaps for corn, soybeans, wheat, cattle & hogs.

Improving Argentine Weather Forecasts Weigh on Grain, Soy

Forecasts of improving weather in Argentina over the next two weeks weighed on the grain and soy complex.

Corn, Soybeans & Wheat Prices Fall; Cattle Mixed

Today's closing prices and market recaps.

Morning Calls & Comments (1.13.23)

Soybeans faced light profit-taking pressure at the end of the overnight session, which is likely to spill over into the start of daytime trade.