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.

 

Latest News

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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.  

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Today's Market Recap (1.20.23)

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

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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.

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Corn, Soybeans & Wheat Prices Fall; Cattle Mixed

Today's closing prices and market recaps.

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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.