Wheat Futures Surge to Five-Week High

grain calls
grain calls
(Commodity Update)

Corn: 4 to 6¢ higher.

Soybeans: 4 to 6¢ higher.

Wheat: 21 to 30¢ higher.


Cattle: Steady-firmer

Hogs: Steady-weaker

Wheat futures surged to the highest prices in over five weeks overnight on reports Russia is reconsidering the Ukraine grain export deal, stoking renewed concerns over supply disruptions. Corn also rose, while soybeans bounced back from an earlier drop to near three-week lows.

Malaysian palm oil futures fell 2.5% to hit a six-week closing low amid concerns over Covid lockdowns in China. Front-month crude oil futures are more than $1 lower, U.S. stock index futures indicate a weaker open and the U.S. dollar index is up more than 500 points after hitting a 20-year high for the third day in a row.


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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.