Corn and Soy Up Nearly 6¢

As of 8:30 a.m. CT, July corn was up 5½¢ at $4.44 per bushel.

July soybeans were up 5½¢ at $10.46¼ per bushel.

July wheat contracts were mixed. CBOT wheat was up 2¾¢ at $5.38¾ per bushel. KC wheat was unchanged at $5.36¾. Minneapolis wheat was up 1¾¢ at $6.19¾.

Yesterday morning, Naomi Blohm, senior market advisor at Total Farm Marketing, said corn and soybeans would either see “bargain buying” and find support, or technical selling would take over and likely impact the rest of the week.

This morning, Blohm said, “Yesterday’s firmer close was impressive and important from a technical standpoint. And there is nice follow through action to the upside this morning.”

As of 8:30 a.m. CT, August live cattle were up $1.03 at $210.78 per hundredweight (cwt). August feeder cattle were up $1.18 at $302.40 per cwt. July lean hogs were up 10¢ at $104.68 per cwt.

July crude oil was up 12¢ at $63.53 per barrel.

The U.S. Dollar Index June contract was down to 98.99.

June S&P 500 futures were up 9 points. June Dow futures were up 36 points.

Published: 9:06 a.m. CT