Corn and Soy in the Red

As of 9:11 a.m. CT, December corn was down 2¢ at $4.10¼ per bushel.

November soybeans were down 3¢ at $10.44¾ per bushel.

December CBOT wheat was up 1½¢ at $5.31¼ per bushel. December KC wheat was down 1½¢ at $5.19¼ per bushel. December Minneapolis wheat was down 3½¢ at $5.89.

“Crops typically decline as the growing season progresses, but they have remained resilient so far,” said Cole Raisbeck, commodities broker with Kluis Commodity Advisors. “Despite strong condition ratings, disease pressure is still a concern. Following last week’s crop tour, reports of southern rust and other diseases have become more frequent. Still, additional fresh news will likely be needed to sustain the rally and hold recent gains as harvest approaches.”

Ahead of 9:15 a.m. CT, October livestock were higher. Live cattle were up 53¢ at $237.35 per hundredweight (cwt). Feeder cattle were up $1.80 at $362.55 per cwt. Lean hogs were up 58¢ at $91.98 per cwt.

October crude oil was down 75¢ at $64.05 per barrel.

The U.S. Dollar Index September contract was down to 98.15.

As of 9:07 a.m. CT, the S&P 500 Index was up less than a point, and the Dow Jones Industrial Average was up 8.12 points. 

Published: 9:44 a.m. CT