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Just after 9:00 a.m. CT, September corn was up 5¢ at $4.09 per bushel.
November soybeans were up 4¢ at $10.20½ per bushel.
Karl Setzer, partner with Consus Ag Consulting said, “Pre-weekend short covering is giving the market some much needed support as we start the last session of the week. Long liquidation has impacted trade all week as weak positions were exited prior to next Monday.”
Monday will have a new USDA acres and stocks report. Setzer said the June report can be volatile.
The wheat markets were higher Friday morning. September CBOT wheat was up 3¾¢ at $5.40½ per bushel. September KC wheat increased 1½¢ at $5.35¼ per bushel. September Minneapolis wheat jumped 7½¢ at $6.29½ per bushel.
August live cattle were up $1.17 at $210.37 per hundredweight (cwt). August feeder cattle were 72¢ stronger at $304.02 per cwt. August lean hogs were down $1.37 at $108.87 per cwt.
August crude oil was up 55¢ at $65.79 per barrel.
September S&P 500 futures were up 29 points. September Dow rose 268 points.
The September U.S. Dollar Index was up 53 points.
Published: 9:34 a.m. CT
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