Morning Calls & Comments (10/6)

grain calls
grain calls
(Commodity Update)

Corn: 3 to 5 cents lower.

Soybeans: 11 to 13 cents lower.

Wheat: HRW and SRW wheat 9 to 12 cents lower, spring wheat 2 to 6 cents lower.

 

Cattle: Steady-weaker

Hogs: Steady-weaker

Soybean futures fell overnight to a two-month low as the U.S. harvest accelerated and the U.S. dollar strengthened, while winter wheat dropped to a low for the month and corn also faced pressure. Malaysian palm oil futures rose 1.6%, a sixth straight daily gain, on weather concerns. Front-month crude oil mildly faded after earlier rising to a three-week high. U.S. stock index futures signal a mixed open and the U.S. dollar index is up about 550 points.

 

Latest News

After the bell test

test

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.