Morning Calls & Comments (1.6.23)

grain calls
grain calls
(Commodity Update)

Corn: 2 to 4 cents higher.

Soybeans: 10 to 15 cents higher.

Wheat: SRW 3 to 5 cents higher; HRW and HRS steady to 2 cents higher.

Cattle: Choppy.

Hogs: Choppy to higher.

Corn, soybean and wheat futures firmed on corrective buying overnight. Soybeans and corn finished near their overnight highs despite disappointing (corn) to neutral (soybeans) weekly export sales data, as crude oil firmed and the dollar gave back all of its earlier gains after the December employment data was released. We expect a solidly firmer open in the grain and soy markets this morning amid ideas recent losses have been overdone, though it has been a struggle to sustain buyer interest through daytime trade on pushes to the upside this week.


Latest News

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 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.