Market Opens Red in Corn

Shortly after 9:00 a.m. CT, May corn was down ½¢ at $4.68½ per bushel.

May soybeans dropped 2¼¢ at $10.10¾ per bushel.

Angie Setzer, partner with Consus Ag Consulting said after the market open, “Old-crop corn and soybeans found buying [Thursday], with news that the port fees would not impact shipments until November if implemented, helping to lend support. Wheat was lower on some unwinds of previous trades and an increased potential for rain in some parts of the wheat producing world.”

May wheat markets started the trading session in the green. CBOT wheat was up 3½¢ at $5.60¾ per bushel. KC wheat increased 7¢ at $5.93½ per bushel. Minneapolis wheat jumped 2¢ at $6.06¾ per bushel.

April live cattle were down 2¢ at $205 per hundredweight (cwt). April feeder cattle fell 37¢ at $289.10 per cwt. April lean hogs increased $1.17 at $97.42 per cwt.

May crude oil was down 18¢ at $67.89 per barrel.

June S&P 500 futures were down 45 points. June Dow futures dropped 428 points.

The June U.S. Dollar Index increased 113 points.

Published: 9:34 a.m. CT