Morning Calls & Comments (11/28)

grain calls
grain calls
(Commodity Update)

Corn: 4 to 5 cents lower.

Soybeans: 3 to 5 cents lower.

Wheat: HRW and SRW wheat 2 to 10 cents lower, spring wheat 2 to 6 cents higher.

Cattle: Steady-firm

Hogs: Steady-weak

SRW wheat futures extended the past two weeks’ declines, falling to the lowest levels in over three months overnight amid concerns with Covid-related protests in China. Corn and soybean futures also fell as crude oil remained under pressure. Front-month crude oil was down more than $2 after dropping under $74 to an 11-month low. U.S. stock index futures signal a weaker open and the U.S. dollar index is down around 200 points.

USDA reported a daily sale of 110,000 MT of soybeans for delivery to “unknown destinations” for delivery during the 2022-023 marketing year.


Latest News

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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.