This morning, corn is up a penny while soybeans are up 11¢.
CBOT wheat is flat. KC wheat is down 3¢. Minneapolis wheat is down a penny.
Live cattle are down 15¢. Lean hogs are down 30¢. Feeder cattle are down 38¢.
Crude oil is up $1.11.
The U.S. Dollar Index is at 102.97.
Bob Linneman with Kluis Commodity Advisors says there have been reports of Argentina actively trying to buy Brazilian soybeans, possibly confirming just how bad production conditions are in the country.
According to Commodity Weather Group northern Argentina will see scattered showers Thursday and western Argentina will see rain late next week, but stress persists for two-thirds of the country’s corn and soy acres for the next 10 days.
The S&P 500 is up 21 points. The Dow is up 82 points.
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