Morning Calls & Comments (8/10)

grain calls
grain calls
(Commodity Update)

Corn: 5 to 7 cents higher.

Soybeans: 10 to 12 cents higher.

Wheat: 13 to 17 cents higher.

Cattle: Steady-mixed

Hogs: Steady-firmer

Soybean futures reached the highest level in over a week and corn and wheat also rose amid concerns over hot, dry weather in the U.S. and Europe. Malaysian palm oil futures fell 0.3%, the first decline in four sessions, on higher supply data. Front-month crude oil futures are near unchanged after earlier trading more than $1.50 lower. U.S. stock index futures signal a firmer open, while the U.S. dollar index is down sharply and near a five-week low.

USDA reported a sale of 196,000 MT of soybeans for delivery to China during the 2022-23 marketing year. Today’s announcement follows two previous soybean sales to China earlier this month totaling 264,000 MT.


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.