:max_bytes(150000):strip_icc()/Markets-1-Drought-dramatic-up-8-65954047b50e4036a9338e9a59004fa3.jpeg "Corn Ends Day Slightly Higher")
:max_bytes(150000):strip_icc()/Markets-7-Corn-up-soybeans-down-4-c814fcb1d9864480b6c57b36bea34b9a.jpeg)
As of 9:06 a.m. CT, December corn was up 2¾¢ at $4.13¾ per bushel.
November soybeans were down 2¢ at $10.07½ per bushel.
September CBOT wheat was unchanged at $5.29¾ per bushel. September KC wheat was up 5¼¢ at $5.23¾ per bushel. September Minneapolis wheat was down less than a penny at $5.77.
“I’m closely watching the July 14 lows for December corn and November soybeans, with front-month contracts continuing to post new lows and struggling to find support,” said Cole Raisbeck, commodities broker at Kluis Commodity Advisors. “New-crop contracts are now approaching these key [lows]: $4.07½ for corn and $9.98¼ for soybeans.
“For December corn, the July 14 low is important because it’s the lowest price we’ve seen for that contract. It also marked a key reversal — the market made a new low that day but managed to close higher, which can be a sign that prices were trying to find a bottom.
“For November soybeans, that $9.98¼ level is the most recent low on the chart and sits just under the $10 mark, which is a psychological number traders tend to watch closely. If prices drop below that level, it could make some traders more nervous and lead to more selling.”
As of 9:05 a.m. CT, October live cattle were up 13¢ at $226.58 per hundredweight (cwt). September feeder cattle were down 3¢ at $337.05 per cwt. October lean hogs were up 28¢ at $89 per cwt.
September crude oil was up 39¢ at $69.60 per barrel.
The U.S. Dollar Index September contract was up to 99.29.
As of 9:21 a.m. CT, the S&P 500 Index was up 11.21 points and the Dow Jones Industrial Average was up 73.91 points.
Published: 9:43 a.m. CT
:max_bytes(150000):strip_icc()/54163679242_59f748f514_o-0de4af3a868e41c08311efbeff9d9d99.jpg "Farm Groups Back EPA Refinery Exemption Move but Urge Full Reallocation")
