Morning Calls & Comments 8/11)

grain calls
grain calls
(Commodity Update)

Corn: 5 to 7 cents higher.

Soybeans: 13 to 15 cents higher.

Wheat: 6 to 10 cents higher.

Cattle: Steady-mixed

Hogs: Steady-firmer

Grain and soybean futures climbed overnight amid weakness in the U.S. dollar and ongoing concerns over dry Midwest weather. Malaysian palm oil futures rose 3.8% on stronger export data and gains in soyoil. Front-month crude oil futures are up around $1.50, reaching the highest prices in over a week. U.S. stock index futures signal a stronger open, while the U.S. dollar index is down more than 400 points.

USDA reported a daily sale of 103,400 MT of soybean meal for delivery to Mexico during the 2022-23 marketing year.

 

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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.