Grains Start Day in Red

As of 8:34 a.m. CT, December corn was down less than a penny at $4.33½ per bushel.

November soybeans were down 6¾¢ at $10.40 per bushel.

September wheat contracts were also lower. CBOT wheat was down 11½¢ at $5.58 per bushel. KC wheat was down 11¢ at $5.54. Minneapolis wheat was down 6¾¢ at $6.38½.

“Corn condition ratings dropped two percentage points this week, which may offer some support,” said Cole Raisbeck, commodities broker at Kluis Commodity Advisors. “However, the overall tone remains bearish heading into Monday’s Acreage report, which could continue to weigh on the market.

“Managed money continues to build its net short position in corn, with both July and September contracts making fresh contract lows yesterday. Meanwhile, funds have added to their long position in soybeans, which may suggest expectations for more corn acres and fewer soybean acres in the upcoming report.”

This morning, USDA announced Mexico is buying 630,000 metric tons of corn — 554,400 metric tons for the 2025/2026 marketing year, and 75,600 metric tons for the 2026/2027 marketing year.

As of 8:34 a.m. CT, August livestock were mixed. Live cattle were up $1.75 at $211.13 per hundredweight (cwt). Feeder cattle were up $1.88 at $304.68 per cwt. Lean hogs were down 68¢ at $112.38 per cwt.

August crude oil was down $3.25 at $65.26 per barrel.

The U.S. Dollar Index September contract was down to 97.75.

September S&P 500 futures were up 44 points. September Dow futures were up 313 points.

Published: 9:26 a.m. CT