Morning Calls & Comments (1.10.23)

grain calls
grain calls
(Commodity Update)

Corn: Steady to 2 cents lower.

Soybeans: 6 to 12 cents lower.

Wheat: Winter wheat 12 to 18 cents lower; spring wheat 5 to 8 cents lower.

Cattle: Choppy.

Hogs: Choppy/higher.

Heavier selling pressure was seen in grain and soy futures overnight, especially the soybean and winter wheat markets, after disappointing closes on Monday. We expect bears to maintain the strong upper hand during daytime trade. Outside markets are mixed this morning, with front-month crude oil futures modestly firmer and the U.S. dollar index nearly 500 points higher.

 

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Grains Start Higher on Weather Concerns in Argentina and HRW Areas, Then Corn Fails: Cattle Higher with $1 Better Southern Cash Friday
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Today's Market Recap (1.20.23)
Today's Market Recap (1.20.23)

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Improving Argentine Weather Forecasts Weigh on Grain, Soy

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Corn, Soybeans & Wheat Prices Fall; Cattle Mixed

Today's closing prices and market recaps.

Morning Calls & Comments (1.13.23)
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.