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Just after 9:00 a.m. CT, September corn was down 1¼¢ at $4.10¼ per bushel.
November soybeans were up 7¢ at $10.31¾ per bushel.
Kluis Commodity Advisors managing director Al Kluis said, “The grain markets closed mostly higher Friday. One factor was fund short-covering, plus optimism that the U.S. and China are starting to talk again.”
Kluis added, traders are ready for volatile trading ahead of the USDA Acres and Stocks report set to be released later on Monday, “Over the last five years, this report day has been volatile: on average, a 38-cent trading range for corn and 62 cents per bushel for soybeans.”
The wheat markets were stronger starting off Monday morning. September CBOT wheat was up 2¼¢ at $5.43 per bushel. September KC wheat was up 2¾ at $5.36½ per bushel. September Minneapolis wheat jumped 3¾¢ at $6.29½ per bushel.
August live cattle were down $1.92 at $211.37 per hundredweight (cwt). August feeder cattle were $1.20 weaker at $306.70 per cwt. August lean hogs dropped $2.40 at $107.87 per cwt.
August crude oil was down 16¢ at $65.36 per barrel.
September S&P 500 futures were up 15 points. September Dow increased 157 points.
The September U.S. Dollar Index was down 106 points.
Published: 9:33 a.m. CT
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