Soybeans Up More Than 8¢

A little past 9:30 a.m. CT, December corn was down 2¢ at $4.20½ per bushel.

November soybeans were up 8¼¢ at $10.27¾ per bushel.

December CBOT wheat was down less than a penny at $5.03¼ per bushel. December KC wheat was down 1¾¢ at $4.89¾ per bushel. December Minneapolis wheat was up a penny at $5.49½.

“President Trump spoke optimistically last night about his anticipated meeting with China’s President Xi on the sideline of the APEC [Asia-Pacific Economic Cooperation] conference in South Korea next week,” said Arlan Suderman, chief commodities economist at StoneX. “Trump indicated that he was optimistic about his chances of getting a trade deal done with China, while speaking specifically of soybeans, saying that he hopes that he can get them to at least purchase what they bought from us in the previous year.”

Not long past 9:30 a.m. CT, December live cattle were up 53¢ at $242.35 per hundredweight (cwt). November feeder cattle were down $1.13 at $370.58 per cwt. December lean hogs were up 30¢ at $82.68 per cwt.

December crude oil was down 75¢ at $56.40 per barrel.

The U.S. Dollar Index December contract was up to 98.23.

The S&P 500 Index was up 59.53 points, and the Dow Jones Industrial Average was up 317.25 points. 

Published: 10:01 a.m. CT