At the close corn is up 8¢ to $6.74.
Soybeans are up 3¢ to $14.88.
CBOT wheat is up a penny. KC wheat is up 8¢. Minneapolis wheat is up 2¢.
Live cattle are flat. Lean hogs are up $3.53. Feeder cattle are down $1.28.
Today USDA released a report finding 2022 beef exports to East Asia are on track to set a record for the second year in a row.
The value of 2022 exports to the region through September is up 22% from last year.
Learn more here.
The U.S Dollar Index is currently at 103.9.
The S&P 500 is down 21 points. The Dow is up 11 points.
Soybeans below $15 at midday: 11:20 a.m.
At midday corn is up 6¢ and soybeans are up 9¢.
Soybeans are back below $15 to $14.94.
CBOT wheat is down 2¢. KC wheat is up 5¢. Minneapolis wheat is up 2¢.
Live cattle are down 5¢. Lean hogs are up $2.85. Feeder cattle are down $1.15.
China announced yesterday starting January 8 the country will no longer require inbound travelers to quarantine upon arrival, Reuters reports.
“Foreign companies welcomed China’s decision…as an important step to revive slumping business activity,” says Naomi Blohm with Total Farm Marketing. “[This announcement] is the biggest step toward ending limits that have kept most foreign visitors out of China since early 2020.”
The S&P 500 is down 4 points. The Dow is up 152 points.
Soybeans open above $15: 9 a.m.
This morning March soybeans are up 27¢ to $15.12. Corn is up 3¢ to $6.69.
CBOT wheat is down 4¢. KC wheat is down 4¢. Minneapolis wheat is down 2¢.
Live cattle are up 3¢. Lean hogs are up $1.53. Feeder cattle are down 28¢.
Nick Tsiolis, founder of Farmer’s Keeper, says soybeans are up on news of a disappointing rain forecast in Argentina. Blohm says Argentina will see more regular rainfall starting at the end of January through March as La Nina wanes.
USDA announced this morning that 177,500 tons of corn were bought by Japan.
The S&P 500 is down 26 points. The Dow is down 84 points.
