Morning Calls & Comments (11/1)

grain calls
grain calls
(Commodity Update)

Corn: 1 to 2 cents lower.

Soybeans: 13 to 17 cents higher.

Wheat: HRW and SRW 2 cents lower to 1 cent higher, spring wheat 2 to 7 cents lower.

Cattle: Steady-firm

Hogs: Steady-weaker

Winter wheat futures were mixed after falling earlier in the overnight session as Ukraine grain shipments continued even with Russia suspending its participation in the export agreement. Soybeans climbed to a five-week high, while corn eased. Malaysian palm oil futures rose 4.6% to close at a near 10-week high amid concerns over global vegoil supplies, while front-month crude oil jumped more than $2. U.S. stock index futures indicate a stronger open, while the U.S. dollar index is more than 750 points lower this morning.

 

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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.