Morning Calls & Comments (8/16)

grain calls
grain calls
(Commodity Update)

Corn: 5 to 7 cents lower.

Soybeans: 12 to 15 cents lower.

Wheat: 8 to 12 cents lower.

Cattle: Steady-mixed

Hogs: Steady-firmer

Corn and soybean futures fell overnight on expectations Midwest rains and cooler temps this week will boost yield prospects. Wheat futures also fell amid increasing grain shipments out of Ukraine, concerns over China’s economy and strength in the U.S. dollar. Malaysian palm oil futures rose 1.1% as the ringgit hit a 5 1/2-year low. Front-month crude oil futures briefly rebounded above unchanged but are now modestly weaker. U.S. stock index futures signal a weaker open, while the U.S. dollar index is up nearly 200 points though off its earlier highs.


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.