July corn ended the day down 11¢.
July soybeans closed down 36¢ to $13.65 a bushel. July soybeans haven’t traded this low since last summer.
CBOT wheat is down 13¢. KC wheat is down a penny.
Minneapolis wheat being the outlier, closed up 6¢.
Live cattle are down 30¢. Lean hogs are up 15¢. Feeder cattle are up 43¢.
Crude oil is down 41¢.
S&P 500 futures are down 13 points. Dow futures are down 243 points.
Soybeans down 38¢, over 2.5% at midday: 11:37 a.m. CDT
Corn is currently down 12¢, a decline of just over 2%.
Soybeans are down 38¢, over 2.5%.
CBOT wheat is down 14¢, over 2%. KC wheat and Minneapolis wheat are attempting a comeback, currently up 1⁄4
of a penny and 3¢ respectively.
Naomi Blohm, senior market advisor with Total Farm Marketing, says technical selling is bringing the grains down today.
Live cattle are flat at midday. Lean hogs are up 30¢. Feeder cattle are up 65¢.
Crude oil is down 30¢.
The U.S. Dollar Index June contract is at 102.44.
S&P 500 futures are down 12 points. Dow futures are down 204 points.
Corn gives back Monday’s gains: 9:15 a.m. CDT
Corn is down 9¢ this morning.
Soybeans are down 18¢.
CBOT wheat is down 5¢. KC wheat is down 6¢. Minneapolis wheat is down 8¢.
Blohm says grains are responding negatively to economic data out of China being lower than expected. She says China’s industrial production for April rose by 5.6% year-on-year, but over 10% was expected.
“Wheat is slightly lower after yesterday’s rally but is hesitant to move higher until there is some word on the Black Sea grain deal,” says the Grain Market Insider newsletter by Stewart-Peterson Inc. “The U.N. has been attempting to get Russia to agree to extend the deal but has not been successful with the deadline just two days away. The final two ships under the agreement will leave the Black Sea today.”
Live cattle are down 3¢. Lean hogs are up 68¢. Feeder cattle are up 25¢.
Crude oil is up 43¢.
S&P 500 futures are down 15 points. Dow futures are down 175 points.