Morning Calls & Comments (8/5)

grain calls
grain calls
(Commodity Update)

Corn: 1 to 3 cents lower

Soybeans: 5 to 10 cents lower

Wheat: 4 to 8 cents lower

Cattle: Steady/weaker

Hogs: Firmer

After failing to find sustained followthrough from Thursday’s gains early in the overnight session, corn, soybean and wheat futures faded. Given a favorable near-term weather forecast and outside markets factors, we expect the weaker tone to carry through to the open this morning. The U.S. dollar index is more than 1,000 points higher this morning in reaction to the stronger-than-expected jobs data. Front-month crude oil futures are modestly extending their recent decline, though still holding above Thursday’s lows.


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.