Corn Ends Day Up Slightly

December corn ended the day up less than a penny at $4.04 per bushel.

November soybeans closed up 2¼¢ at $10.36 per bushel. 

December CBOT wheat ended the day up 7¢ at $5.28¼ per bushel. December KC wheat closed up 1½¢ at $5.23¼ per bushel. December Minneapolis wheat was up 1½¢ at $5.89.

October live cattle closed up $3.50 at $234.85 per hundredweight (cwt). September feeder cattle were up $5.68 at $358.10 per cwt. October lean hogs were down 20¢ at $89.95 per cwt.

As of 2:16 p.m. CT, October crude oil was up $1.14 at $62.91 per barrel.

As of 2:12 p.m. CT, the S&P 500 Index was down 16.20 points, and the Dow Jones Industrial Average was up 59.01 points. 

Published: 2:32 p.m. CT

Grains in the Green This Morning: 9:20 p.m. CT

Ahead of 9 a.m. CT, December corn was up less than a penny at $4.03¾ per bushel.

November soybeans were up 1¼¢ at $10.35 per bushel.

December CBOT wheat was up 7¼¢ at $5.28½ per bushel. December KC wheat was up 3¢ at $5.24¾ per bushel. December Minneapolis wheat was up 1½¢ at $5.89.

This morning, USDA announced new corn export sales:

• Colombia is buying 100,000 metric tons of corn for the 2025/2026 marketing year.
• Mexico is buying 125,741 metric tons of corn for the 2025/2026 marketing year.

“I am watching to see if the market can hold onto recent post-WASDE gains,” said Cole Raisbeck, commodities broker at Kluis Commodity Advisors. “In corn, the $4 mark serves as the first level of psychological support, and the market managed to hold it Monday and Tuesday of this week. Soybeans will be defending the $10.25 area, with last Friday’s low at $10.27 and a cluster of 50-, 100-, and 200-day moving averages between $10.23 and $10.26 providing additional support.”

Arlan Suderman, chief commodities economist at StoneX, provided a crop tour update this morning: “The Pro Farmer midwest crop tour reported that the Nebraska tour routes saw an average corn yield of 179.5 bushels per acre (bpa), up from 173.2 bpa the previous year, and above the three-year average of 166.3 bpa. Soybean pod counts totaled 1,348, up from 1,172 the previous year, and above the three-year average of 1,132 pods. Indiana’s average corn yield came in at 193.8 bpa, up from 187.5 bpa last year and above the three-year average of 182.1 bpa. Soybean pod counts averaged 1,377, down from 1,409 last year, but up from the three-year average of 1,295. Today’s tour will focus on Iowa, moving into southern Minnesota to wrap things up tomorrow. They should see their best crops of the tour today and tomorrow. The tour traditionally understates USDA final yields.”   

Ahead of 9 a.m. CT, October live cattle were up $2.23 at $233.58 per hundredweight (cwt). September feeder cattle were up $2.43 at $354.85 per cwt. October lean hogs were down 95¢ at $89.20 per cwt.

October crude oil was up 79¢ at $62.56 per barrel.

The U.S. Dollar Index September contract was down to 98.06.

The S&P 500 Index was down 21.51 points, and the Dow Jones Industrial Average was up 43.13 points. 

Published: 9:20 a.m. CT