Grain, Soybean Futures Expected Lower

grain calls
grain calls
(Commodity Update)

Corn: 7 to 8 cents lower.

Soybeans: 9 to 12 cents lower.

Wheat: 8 to 12 cents lower.

Grain and soybean futures fell overnight as reports of additional ships leaving Ukraine eased concerns over global supplies. Malaysian palm oil futures rose to the highest level in over a week behind strength in rival vegoils, while front-month crude oil was down about $1.50 and near six-month lows. U.S. stock index futures signal a firmer open, while the U.S. dollar index is down nearly 300 points.

Live cattle may gain support from last week’s cash upturn. Traders appear cautiously optimistic cash cattle prices will work higher stronger than expected prices last week.

Lean hog futures may gain support from strong cash fundamentals and followthrough technical strength from last week’s rally to 3 1/2-month highs. Today’s CME lean hog index quote is up 48 cents to $122.09 (as of Aug. 4), just 59 cents shy of last year’s high, which was posted in mid-June.

 

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 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 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)
Today's Market Recap (1.20.23)

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

Improving Argentine Weather Forecasts Weigh on Grain, Soy
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
Corn, Soybeans & Wheat Prices Fall; Cattle Mixed

Today's closing prices and market recaps.

Morning Calls & Comments (1.13.23)
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.