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July corn ended the day up less than a penny at $4.38½ per bushel. Today was the first higher close for the contract since May 22.
July soybeans closed up 7¼¢ at $10.40¾ per bushel. The contract regained all but a penny of what was lost yesterday.
July wheat contracts closed lower. CBOT wheat ended the day down 3¢ at $5.36 per bushel. KC wheat was down 3¢ at $5.36¾. Minneapolis wheat was down 9¼¢ at $6.18.
August live cattle ended the day down $1.25 at $209.75 per hundredweight (cwt). August feeder cattle closed down 53¢ at $301.23 per cwt. July lean hogs were down 40¢ at $104.58 per cwt.
As of 3:31 p.m. CT, July crude oil was up 82¢ at $63.34 per barrel.
June S&P 500 futures were up 30 points. June Dow futures were up 200 points.
Published: 3:51 p.m. CT
Corn and Soy In the Green: 10:01 a.m. CT
Ahead of 9:20 a.m. CT, July corn was up less than a penny at $4.38½ per bushel.
July soybeans were up 6½¢ at $10.40 per bushel.
July wheat contracts were lower. CBOT wheat was down 3½¢ at $5.35½ per bushel. KC wheat was down 4½¢ at $5.35¼. Minneapolis wheat was down 9¼¢ at $6.18.
“Today’s trade is important,” said Naomi Blohm, senior market advisor at Total Farm Marketing. “Either bargain buying emerges for corn and soybeans and prices find a good support area, or technical selling wins out the day (and then likely the rest of this week).
“The downside on corn, if further technical selling emerges, points to a 20¢ push lower, based on the recent consolidation pattern. That would take July 2025 corn prices back down to the fall lows.
“The downside on soybeans, if further technical selling emerges, would be a retest of the early April lows — nearly 50¢ lower (based on the head and shoulders formation).”
Ahead of 9:20 a.m. CT, August live cattle were up $1.38 at $212.38 per hundredweight (cwt). August feeder cattle were up $1.70 at $303.45 per cwt. July lean hogs were down 10¢ at $104.88 per cwt.
July crude oil was up 94¢ at $63.46 per barrel.
The U.S. Dollar Index June contract was up to 99.12.
June S&P 500 futures were up 6 points. June Dow futures were down 48 points.
Published: 10:01 a.m. CT
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