Morning Calls & Comments (1/9)

grain calls
grain calls
(Commodity Update)

Corn: 1 to 3 cents lower.

Soybeans: 2 to 5 cents higher.

Wheat: 1 to 3 cents lower.

Cattle: Choppy to lower.

Hogs: Choppy to lower.

Soybeans posted gains overnight on followthrough from Friday’s price performance. Corn and wheat traded higher at points overnight but faded late, despite supportive outside markets. Crude oil futures are more than $2 higher this morning and the U.S. dollar index is around 650 points lower. We expect markets to open daytime trade similar to how they finished the overnight session, though choppy price action is likely. It seems likely either soybeans will help support corn and wheat or those markets will eventually pull soybeans lower.  


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.