Corn ends the day up 2¢

December corn ended the day up 2¢.

January soybeans closed up 3½¢.

December wheat contracts were also up at the close. CBOT wheat was up less than a penny. KC wheat was up 4¼¢. Minneapolis wheat was up 5¼¢.

“Nearly all of today’s session was spent getting final positions in place ahead of tomorrow’s Presidential Election in the United States,” said Karl Setzer, partner at Consus Ag Consulting. “According to recent polls there is no clear winner projected, and this is adding to market uncertainty and volatility. This generated light buying in the commodities and selling in the equities, and sizable losses in the U.S. dollar.

“The energy complex rallied today following the OPEC+ statement they would not be increasing production in December as earlier thought. This caused crude oil to rally, and bring the soy complex with it. We also have the Federal Reserve meeting Wednesday and Thursday and the monthly WASDE [World Agricultural Supply and Demand Estimates] report on Friday. To see traders remain absent through all this data and re-establish positions next week would not be a shock.”

December live cattle closed down 85¢. January feeder cattle were down 78¢. December lean hogs were down 85¢.

December crude oil is currently up $1.94.

December S&P 500 futures and Dow futures are currently down 9 points and 234 points, respectively.

Published: 2:22 p.m. CT

Soybeans start day higher: 8:50 a.m. CT

December corn is up 3¢ this morning.

January soybeans are up 11¢.

December wheat contracts are mixed. CBOT wheat is up less than a penny. KC wheat is down 1¾¢. Minneapolis wheat is down less than a penny.

This morning USDA announced new export sales:

• Mexico is buying 150,000 metric tons of corn for the 2024/2025 marketing year.
• Unknown destinations are buying 120,000 metric tons of corn and 132,000 metric tons of soybeans for the 2024/2025 marketing year.

December live cattle are down 58¢. January feeder cattle are down 70¢. December lean hogs are up 10¢.

December crude oil is up $1.77.

The U.S. Dollar Index December contract is down to 103.61.

December S&P 500 futures are down 3 points. December Dow futures are down 57 points.

Published: 8:50 a.m. CT