December corn ended the day up 2¾¢ at $4.23 per bushel.

November soybeans closed down 13½¢ at $10.41 per bushel. 

December CBOT wheat ended the day down 6¢ at $5.28¼ per bushel. December KC wheat closed down 8½¢ at $5.11¼ per bushel. December Minneapolis wheat was down 5¾¢ at $5.74¼.

“Corn’s technical breakout, strong demand, and shrinking supply outlook are fueling short covering, with traders eyeing $4.30 resistance and September’s WASDE [World Agricultural Supply and Demand Estimates report] for confirmation,” said the Grain Market Insider newsletter by Stewart-Peterson Inc.

“…Soybeans remain under pressure from meal weakness and Chinese demand fears, but weather risks and fund positioning are adding volatility ahead of USDA’s September update.”

The newsletter noted abundant global supply hampered the wheat market today.

October livestock ended the day mixed. Live cattle were down 13¢ at $239.53 per hundredweight (cwt). Feeder cattle were down 78¢ at $363.70 per cwt. Lean hogs were up 53¢ at $95.55 per cwt.

As of 3:36 p.m. CT, October crude oil was up $1.55 at $65.56 per barrel.

As of 3:20 p.m. CT, the S&P 500 Index was down 44.72 points, and the Dow Jones Industrial Average was down 249.07 points. 

Published: 3:55 p.m. CT

Grains in the Red After Holiday Weekend: 9:22 a.m. CT

As of 8:56 a.m. CT, December corn was down 4¾¢ at $4.15½ per bushel.

November soybeans were down 15¢ at $10.39½ per bushel.

December CBOT wheat was down 11¢ at $5.23¼ per bushel. December KC wheat was down 11¢ at $5.08¾ per bushel. December Minneapolis wheat was down 7¾¢ at $5.72¼.

“Grain and oilseed futures have started the week off on the defensive, amid mostly non-threatening U.S. weather and a lack of fresh demand news,” said The Brock Report this morning of the overnight trading session.

As of 8:56 a.m. CT, October livestock were higher. Live cattle were up 48¢ at $240.13 per hundredweight (cwt). Feeder cattle were up 60¢ at $365.08 per cwt. Lean hogs were up 28¢ at $95.30 per cwt.

October crude oil was up 93¢ at $64.94 per barrel.

The U.S. Dollar Index September contract was up to 98.24.

As of 8:52 a.m. CT, the S&P 500 Index was down 62.15 points, and the Dow Jones Industrial Average was down 381.25 points. 

Published: 9:22 a.m. CT

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