Corn and Soybeans Quietly Higher

As of 9:11 a.m. CT, December corn was up 1¾¢ at $4.21½ per bushel.

November soybeans were up 1¼¢ at $10.32 per bushel.

December CBOT wheat was up 2½¢ at $5.02¾ per bushel. December KC wheat was up 2½¢ at $4.87½ per bushel. December Minneapolis wheat was up 2¢ at $5.46¾.

“As we approach the end of the month and the highly anticipated meeting between President Trump and President Xi, the market remains highly sensitive to headline risk,” said Cole Raisbeck, commodities broker with Kluis Commodity Advisors. “I’m continuing to watch for any developments surrounding the meeting, including statements from both President Trump and Chinese trade representatives that could influence market direction.”

Shortly after 9:10 a.m. CT, December live cattle were down $1.10 at $244.33 per hundredweight (cwt). January feeder cattle were down $3.38 at $366.90 per cwt. December lean hogs were down 73¢ at $82.55 per cwt.

December crude oil was up $1.40 at $58.64 per barrel.

The U.S. Dollar Index December contract was up to 98.77.

As of 9:07 a.m. CT, the S&P 500 Index was up 1.44 points, and the Dow Jones Industrial Average was down 87.2 points. 

Published: 9:39 a.m. CT