Morning Calls & Comments (7/28)

grain calls
grain calls
(Commodity Update)

Corn: 12 to 15 cents higher.

Soybeans: 7 to 10 cents higher.

Wheat: 12 to 18 cents higher.


Cattle: Steady-weaker

Hogs: Steady-firmer


Soybean futures climbed overnight to the highest prices in over two weeks and corn also gained on concerns heat and dryness expected for the Midwest in early August will stress crops. Wheat futures also firmed. Malaysian palm oil futures rose 3.5%, gaining for a third straight session, while front-month crude oil futures were up around $2. U.S. stock index futures signal a weaker open, while the U.S. dollar index is up more than 150 points.

The U.S. economy contracted again in the second quarter, with gross domestic product falling at a 0.9% annualized rate, the Commerce Department said in its advance estimate today. The weaker-than- expected figure will further fuel concerns the economy has entered a recession, which is often defined as two consecutive quarterly declines in GDP. Economists polled by Reuters had forecast GDP rebounding at a 0.5% rate.


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.