Soybeans Reach Highest Closing Price Since April 29

corn, soybean, wheat recap
corn, soybean, wheat recap
(Commodity Update)

Corn: July corn futures fell 8 3/4 cents to $8.00 3/4. December corn fell 4 3/4 cents to $7.60 3/4. Corn futures were pressured by a big jump in U.S. planting progress last week and spreading from a surging wheat market. 

Soybeans: July soybeans rose 21 1/2 cents to $16.78, the highest closing price since April 29. November soybeans rose 13 1/2 cents to $15.25 1/2. July soymeal fell $1.80 to $411.80. July soyoil rose 50 points to 83.49 cents. 

Wheat: July SRW wheat surged 30 cents to $12.77 1/2, a lifetime-high close. July HRW wheat rose 15 3/4 cents to $13.67 3/4, the highest close for a nearby HRW contract since February 2008. July spring wheat rose 8 1/2 cents to $13.93 1/2. 

Cattle: June live cattle fell 17.5 cents to $133.00. August feeder futures fell 65 cents to $166.775. Live cattle fell on signs of weakness in the cash market, with trade in the Southern Plains reported around $137.00 to $138.00.

Hogs: June lean hogs rose $1.325 to $105.15, the highest close since May 6.  Pork cutout values rose $2.28 early today to $103.83, led by gains in bellies.

 

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 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 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)
Today's Market Recap (1.20.23)

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

Improving Argentine Weather Forecasts Weigh on Grain, Soy
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
Corn, Soybeans & Wheat Prices Fall; Cattle Mixed

Today's closing prices and market recaps.

Morning Calls & Comments (1.13.23)
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.