Corn Closes Down Nearly 15¢

July corn ended the day down 14¾¢ at $4.54¼ per bushel.

July soybeans closed down 12½¢ at $10.45½ per bushel.

July wheat contracts also closed lower. CBOT wheat ended the day down 11¾¢ at $5.31¼ per bushel. KC wheat was down 8½¢ at $5.32¾. Minneapolis wheat was down 1½¢ at $6.09½.

“Corn futures finished lower as warm, dry forecasts across the Corn Belt supported planting progress and kept selling pressure on the market,” said the Grain Market Insider newsletter by Stewart-Peterson Inc.

“Soybean futures weakened in bear-spreading action, with the front months leading the decline and giving back Friday’s gains. Weak energy prices and ample planting conditions added to the pressure.”

June live cattle and August feeder cattle ended the day higher while June lean hogs closed lower.

Ahead of 4 p.m. CT, June crude oil was down $1.06 at $57.23 per barrel.

June S&P 500 futures were down 39 points. June Dow futures were down 106 points.

Published: 4:10 p.m. CT

Corn Starts Day in Red: 9:14 a.m. CT

A little past 8:30 a.m. CT, July corn was down 2¾¢ at $4.66¼ per bushel.

July soybeans were down 3½¢ at $10.54½ per bushel.

July wheat contracts were mixed. CBOT wheat was down 4¼¢ at $5.38¾ per bushel. KC wheat was down 6½¢ at $5.34¾. Minneapolis wheat was up less than a penny at $6.11¾.

“Dry weather this week for most of the U.S. Midwest should help planting progress,” said Naomi Blohm, senior market advisor at Total Farm Marketing. Speaking of the overnight session, she noted, “The notion of faster planting is weighing on grains this morning.” 

June live cattle were up 10¢ at $211.20 per hundredweight (cwt) just past 8:30 a.m. CT. August feeder cattle were down 40¢ at $296.50 per cwt. June lean hogs were up 10¢ at $99.45 per cwt.

June crude oil was down 81¢ at $57.48 per barrel.

The U.S. Dollar Index June contract was down to 99.34.

June S&P 500 futures were down 49 points. June Dow futures were down 273 points.

Published: 9:14 a.m. CT