Grain prices are higher in early trade. Export sales were good and private trade estimates of the crop in Argentina keep moving lower.
Corn futures are 4¢ higher, soybean futures are 16 to 18¢ higher, and wheat futures are 10 to 19¢ higher. The soybean market is trading above the Tuesday high, opening the door for a test of $15.70.
The outside markets are mixed this morning with the Dow futures down over 200 points. Crude oil has reversed and is now up 60¢ per barrel while the U.S. dollar is again lower, now down 0.27 points
Livestock futures are lower this morning. Feeder cattle are down 5¢ at $183.15. Live cattle down 37¢. Lean hogs are 10¢ lower.