Corn and Beans Start Morning Up

Shortly after 9:00 a.m. CT, July corn was up 3¢ at $4.50½ per bushel.

July soybeans were 6¼¢ higher at $10.51¼ per bushel.

Angie Setzer, partner with Consus Ag Consulting, said, “July corn finally showed signs of life yesterday after relentless selling had it testing the lowest value seen for the contract since early December. Wheat tried to trade higher but again failed, settling near contract lows. Soybeans were stronger though as the U.S. is competitive into the world market out into August, with strength seen in the interior.”

July wheat markets were in the red near the open. CBOT wheat was down 3½¢ at $5.25¾ per bushel. KC wheat was 3¼¢ lower at $5.21½ per bushel. Minneapolis wheat fell 4¢ at $6.96¾ per bushel.

June live cattle were up 52¢ at $214.77 per hundredweight (cwt). August feeder cattle increased 12¢ at $301.37 per cwt. June lean hogs were 5¢ lower at $97.12 per cwt.

June crude oil was up 54¢ at $60.45 per barrel.

June S&P 500 futures were up 22 points. June Dow futures increased 85 points.

The June U.S. Dollar Index dropped 300 points.

Published: 9:27 a.m. CT