Corn ended the day down 8¢ at $6.26.
Al Kluis with Kluis Commodity Advisors said after today’s World Agricultural Supply and Demand Estimates report was released that corn may fall below $6.22 support, but corn was able to stay above that support level at the close.
Soybeans are up 3¢ at $15.18.
CBOT wheat is down 10¢. KC wheat is down 1⁄4
of a penny. Minneapolis wheat is down 14¢.
Live cattle are down 53¢. Lean hogs are up 88¢. Feeder cattle are up $1.95.
Crude oil is currently down $1.07.
The U.S. Dollar Index is at 105.26.
S&P 500 futures are down 10 points. Dow futures are down 162 points.
Corn down 5¢ following USDA report: 12:08 CST
Corn is currently down 5¢ while soybeans are up 4¢.
CBOT wheat is down 7¢. KC wheat is up 2¢. Minneapolis wheat is down 9¢.
The latest USDA World Agricultural Supply and Demand Estimates (WASDE) report was released today. The increased U.S. corn ending stocks reflected a projected cut to corn exports.
Kluis says the report could push corn below the $6.22 support level. May corn is currently at $6.29.
Nick Tsiolis, founder of Farmer’s keeper, says the report was bullish for soybeans as U.S. ending stocks were below expectations.
Live cattle are down 58¢. Lean hogs are up $1.08. Feeder cattle are up $1.20.
Crude oil is down 96¢.
S&P 500 futures are down 5 points. Dow futures are down 156 points.