Just after 9:00 a.m. CT, December corn was down 4¢ at $4.30¼ per bushel.
January soybeans were down 15¢ at $11.19¼ per bushel.
“Corn, soybeans, and wheat are seeing profit taking this morning following [Monday’s] strong finish,” said Karl Setzer, partner with Consus Ag Consulting. “News that China is booking Brazil soybeans along with U.S. soybeans is removing some of the bullish sentiment following last week’s market run up following the U.S./China trade agreement. A simple correction from [Monday’s] rally is also weighing on the soy complex, as is the end of meals run of 14 consecutive higher closes that took the contract well into overbought territory.”
December CBOT wheat was up 1¢ at $5.44½ per bushel. December KC wheat were down 1½¢ at $5.30¼ per bushel. December Minneapolis wheat dropped ½¢ at $5.22 per bushel.
December live cattle were down 50¢ at $231.70 per hundredweight (cwt). January feeder cattle were up 90¢ at $337.42 per cwt. December lean hogs dropped 32¢ at $80.27 per cwt.
At 9:14 a.m. CT, December crude oil was down 55¢ at $60.50 per barrel.
The S&P 500 Index was down 43.04 points, and the Dow Jones Industrial Average fell 185.48 points.
The December U.S. Dollar Index was up 328 points.
Published: 9:18 a.m. CT
