Morning Calls & Comments (7/12/22)

grain calls
grain calls
(Commodity Update)

Corn: 8 to 12 cents lower

Soybeans: 18 to 22 cents lower

Wheat: 10 to 15 cents lower

 

Cattle: Steady/weaker

Hogs: Steady/weaker

Grain and soy futures faced heavy selling pressure overnight after low-range closes on Monday. The selling overnight was part of a broader risk-off trade in the commodity sector. Crude oil futures are more than $4 lower this morning and below $100. The U.S. dollar index reached a new 20-year high overnight and is at parity with the euro for the first time in nearly two decades. The euro has dropped around 20% over the past 14 months due to economic concerns. The last time the dollar and euro were at parity, the euro eventually dropped below 90.00 in 2000.

 

Latest News

After the bell test

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Grains Try to Recover Midday with Reversal in Outside Markets:  Live Cattle Mixed with Bullish Cattle Inventory Expectations
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 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)
Today's Market Recap (1.20.23)

Market recaps for corn, soybeans, wheat, cattle & hogs.

Improving Argentine Weather Forecasts Weigh on Grain, Soy
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
Corn, Soybeans & Wheat Prices Fall; Cattle Mixed

Today's closing prices and market recaps.