Morning Calls & Comments (11/2)

grain calls
grain calls
(Commodity Update)

Corn: 12 to 14 cents lower.

Soybeans: 9 to 12 cents lower.

Wheat: HRW and SRW 42 to 53 cents lower, spring wheat 33 to 36 cents lower.

Cattle: Steady-firm

Hogs: Steady-mixed

Wheat futures plunged overnight and corn and soybeans also tumbled after Russia said it will resume its participation in an agreement allowing grain exports from Ukraine’s Black Sea ports. Malaysian palm oil futures surged 4% to end near a 12-week high on supply concerns, while front-month crude oil futures were little changed. U.S. stock index futures signal a mixed open, while the U.S. dollar index is down around 250 points this morning.


Latest News

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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.