Corn Down More Than 5¢

As of 9:05 a.m. CT, December corn was down 5¼¢ at $4.36 per bushel.

November soybeans were down 7¼¢ at $10.53½ per bushel.

September wheat contracts were also down. CBOT wheat was down 12¼¢ at $5.71¼ per bushel. KC wheat was down 9¾¢ at $5.69. Minneapolis wheat was down 6¾¢ at $6.50.

“Grain and soybean futures are mostly in the red at the end of early trading, under pressure from mostly U.S. weather forecasts and a stronger dollar,” said The Brock Report, speaking of the overnight session. “The U.S. bombing of Iran and a vote by Iran’s parliament backing the closure of the Strait of Hormuz, which would shut off a large portion of Middle East crude oil exports, have failed to have a significant impact on grain futures in the absence of a sustained reaction by the crude oil futures market.”

As of 9:05 a.m. CT, August livestock were mixed. Live cattle were up 5¢ at $209.88 per hundredweight (cwt). Feeder cattle were down 23¢ at $302.23 per cwt. Lean hogs were down 63¢ at $111.83 per cwt.

August crude oil was down 88¢ at $72.96 per barrel.

The U.S. Dollar Index September contract was up to 98.51 as of 9:06 a.m. CT.

September S&P 500 futures were up 35 points. September Dow futures were up 193 points.

Published: 9:35 a.m. CT