Soybean Futures Drop Sharply

grain calls
grain calls
(Commodity Update)

Corn: 10 to 12 cents lower.

Soybeans: 25 to 27 cents lower.

Wheat: 12 to 17 cents lower.

Cattle: Steady-weaker

Hogs: Steady-weaker

November soybean futures overnight fell to the lowest levels in over a week after USDA’s weekly crop ratings didn’t show the expected decline. Corn fell from a two-month high and wheat also dropped. Malaysian palm oil futures fell 1% to lock in a fourth straight monthly decline amid growing expectations for improved production. Front-month crude oil fell more than $2. U.S. stock index futures signal a stronger open, while the U.S. dollar index is more than 200 points lower.


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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.