Soybeans Bounce Back from Five-Week Lows

Crops recap
Crops recap
(Commodity Update)

Corn: December corn fell 2 1/2 cents to $6.68 1/2, slightly above the middle of today’s range. Corn fell a second session as the market extended a corrective pullback from 2 1/2-month highs Wednesday. Traders await USDA’s Sept. 12 Crop Production update, which is widely expected to reflect a reduced harvest outlook following extreme heat and dryness in parts of the Midwest this summer.

Soybeans: November soybeans rose 2 1/2 cents to $13.86, after earlier falling to a five-week low at $13.73. October soymeal fell $5.90 to $409.10. October soyoil rose 136 points to 65.04 cents. November soybeans posted a late corrective recovery behind support from a rebound in crude oil futures.

Wheat: December SRW wheat fell 15 1/4 cents to $8.29. December HRW wheat lost 8 1/2 cents to $8.93. December spring wheat fell 1 3/4 cents to $8.98 1/4. Wheat futures fell in a corrective price pullback from eight-week highs posted Wednesday as traders continued to monitor Ukrainian grain shipments.

Cattle: October live cattle rose 12.5 cents to $144.375. October feeder cattle advanced 45 cents to $184.40. Live cattle ended mixed, with the October contract managing a modestly higher close despite signs of further weakness in cash prices.

Hogs: October lean hogs rose $1.05 to $92.125, while deferred contracts ended lower. October hogs rebounded from an initial drop to a two-month low as traders shrugged off continuing cash market weakness and narrowed the lead contract’s gap with the CME lean hog index.


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.