Markets Start Green in Grains

Just after 9:00 a.m. CT, July corn was up 3¼¢ at $4.75½ per bushel.

July soybeans were 4½¢ higher at $10.54¾ per bushel.

Jamey Kohake, senior risk manager with Pinion said it was a solid opening for row crops, “Exports were pretty solid with corn [Thursday]. We’re kind of rationing that with [Thursday’s] highs at times, trying to really see if new orders go up there.”

He added, “[It] could be the forecast is turning dry again for western Mississippi, we’ll see if the market starts to put in any sort of limited premium short term.”

July wheat markets were up in the Friday morning marketplace. CBOT wheat was up 14¼¢ at $5.45¼ per bushel. KC wheat was 14¼¢ stronger at $5.41¾ per bushel. Minneapolis wheat jumped 12½¢ at $6.08 per bushel.

June live cattle were down 20¢ at $209.45 per hundredweight (cwt). August feeder cattle increased 62¢ at $295.07 per cwt. June lean hogs were down 15¢ at $98.02 per cwt.

June crude oil was down 80¢ at $58.44 per barrel.

June S&P 500 futures were up 52 points. June Dow futures rose 355 points.

The June U.S. Dollar Index fell 774 points.

Published: 9:20 a.m. CT