Grain, Soybean Futures Expected Higher

grain calls
grain calls
(Commodity Update)

Corn: 4 to 6 cents higher.

Soybeans: 18 to 21 cents higher.

Wheat: 14 to 24 cents to higher.

Cattle: Steady-mixed

Hogs: Steady-firm

Grain and soybean futures are expected to open higher after seeing corrective buying overnight in the wake of slightly lower-than-expected weekly USDA crop ratings. Malaysian palm oil futures fell a fourth consecutive session, dropping 2.8% to the lowest level in nearly a year amid recession concerns. Front-month U.S. crude oil is slightly higher this morning. The U.S. dollar index is up more than 400 points this morning to a fresh 20-year high.

Parts of the Midwest received more rain overnight, with thunderstorms producing damaging winds in South Dakota and Iowa Tuesday afternoon through the evening, with concerns a derecho may have damaged some crops, World Weather Inc. said. “Losses should be low relative to the nation’s entire crop with South Dakota most impacted,” the forecaster said. 


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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.