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Just after 9:00 a.m. CT, July corn was down 4¾¢ at $4.58¼ per bushel.
July soybeans were 7¼¢ weaker at $10.60¼ per bushel.
Karl Setzer, partner with Consus Ag Consulting said, “The market has exhausted its fresh news from either side and traders are now focused on simply shoring up positions and starting the Memorial Day weekend. Fresh news is light this morning which is further cutting into trade activity, and volume. Volume will thin as the session progresses, and this can elevate volatility even more.”
July wheat markets started the day mixed. CBOT wheat was down ¾¢ at $5.43¾ per bushel. KC wheat was 1¼¢ lower at $5.38¾ per bushel. Minneapolis wheat increased 4¼¢ at $6.04½ per bushel.
June live cattle were down 25¢ at $210.25 per hundredweight (cwt). August feeder cattle dropped 27¢ at $299.50 per cwt. June lean hogs were 25¢ stronger at $102.30 per cwt.
June crude oil was up 6¢ at $61.26 per barrel.
June S&P 500 futures were down 64 points. June Dow fell 372 points.
The June U.S. Dollar Index was down 474 points.
Published: 9:22 a.m. CT
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