At midday corn is down 6¢. Soybeans have also slipped down further and are currently down 29¢.
Wheat prices have rebounded. CBOT wheat is currently up a penny. KC wheat is up 3¢. Minneapolis wheat is up 3⁄4
of a penny.
Live cattle are up 5¢. Lean hogs are up 18¢. Feeder cattle are up 70¢.
Crude oil is up $1.70.
S&P 500 futures are up 5 points. Dow futures are down 85 points.
Grains start day in the red: 9:05 a.m. CST
May corn is down 3¢ this morning, while May soybeans are down 24¢.
CBOT wheat is down 5¢. KC wheat is down 4¢. Minneapolis wheat is down 3¢.
Al Kluis with Kluis Commodity Advisors says he doesn’t expect the corn market to bottom out until the wheat market turns higher.
He adds the next long-term chart support for both corn and wheat is down another 20 cents per bushel.
Live cattle are down 15¢. Lean hogs are up 28¢. Feeder cattle are up 5¢.
Crude oil is up $1.40.
June U.S. Dollar Index futures are at 104.25.
S&P 500 futures are down 4 points.
Dow futures are down 131 points.
Outside of the U.S., milling wheat is down on the MATIF trade. Corn and soybeans are down on the Dalian trade.
