Just before 9:30 a.m. CT, December corn was up 4¼¢ at $4.24 per bushel.
November soybeans were up 8¾¢ at $10.42¼ per bushel.
Karl Setzer, partner with Consus Ag Consulting said the trade is watching the USDA World Agriculture Supply and Demand Estimates report, “For the most part, trade is expecting small revisions to August figures.”
He added, “Trade remains concerned with the lack of China buying, but crush will help negate this. Domestic wheat stocks are forecast to hold steady this month. Global carryout is expected to hold steady, with larger production in South America countered by smaller crops in the U.S.”
December CBOT wheat was down 2¾¢ at $5.18¾ per bushel. December KC wheat fell 3¼¢ at $5.06¾ per bushel. December Minneapolis wheat was ¾¢ lower at $5.25¾ per bushel.
December live cattle were up 72¢ at $234.85 per hundredweight (cwt). October feeder cattle increased $1.37 at $353.72 per cwt. December lean hogs were up 5¢ at $89.30 per cwt.
October crude oil was up 95¢ at $63.32 per barrel.
As of 9:24 a.m. CT, the S&P 500 Index was up 0.19 points, and the Dow Jones Industrial Average dropped 46.74 points.
The September U.S. Dollar Index was up 197 points.
Published: 9:33 a.m. CT