Morning Calls & Comments (12/13)

grain calls
grain calls
(Commodity Update)

Corn: 3 to 4 cents higher.

Soybeans: 12 to 14 cents higher.

Wheat: 7 to 13 cents higher.

Cattle: Steady-firm

Hogs: Steady-firm

Corn and wheat futures rose to the highest levels in over a week overnight. Soybeans also gained as weather and supply concerns encouraged corrective buying after Monday’s losses. Malaysian palm oil futures rallied 4%, the biggest daily gain since Nov. 1, on lower-than-expected inventory numbers. Front-month crude oil rose about $1.50 as the market extended this week’s rebound. U.S. stock index futures signal a sharply higher open and the U.S. dollar index is down more than 1,300 points and near a 5 1/2-month low.


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.