Corn, Soybeans & Wheat Prices Fall

grain recaps
grain recaps
(Commodity Update)

Corn: July corn futures rose 1/2 cent to $7.72 1/4 after dropping near a seven-week low earlier, while December futures fell 2 cents to $7.23 1/4, a two-week low. 

Soybeans: July soybeans fell 12 cents to $16.81, the lowest close in a week. July soymeal fell $2.90 to $424.20 per ton. July soyoil fell 120 points to 78.92 cents per pound, the contract’s lowest closing price since April 20. 

Wheat: July SRW wheat fell 6 1/2 cents to $11.48 1/4, the contract’s lowest closing price since May 11. July HRW wheat fell 4 1/2 cents to $12.33 1/4. July spring wheat fell rose 3 1/4 cents to $12.80 1/2. 

Cattle: June live cattle fell 42.5 cents to $132.30, while August feeders dipped 20 cents to $167.95. The likelihood of a third straight decline in cash prices pressured live cattle futures. Choice beef cutout values fell 35 cents early today to $263.30, which may have also encouraged selling in futures.

Hogs: July lean hogs fell $1.10 to $107.95. Futures ended lower after initial gains were met by profit-taking, spurred in part by early weakness in today’s wholesale pork trade. Pork cutout values fell $1.06 early today to $107.18, led by a drop of nearly $14 in bellies.


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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.