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At the market close, December corn was down ¼¢ at $4.11½ per bushel.
November soybeans were up 2½¢ at $10.58½ per bushel.
“It was a slow, choppy trading session,” Jamey Kohake, senior risk manager with Pinion said, “Funds are still short waiting on harvest pressure. Beans have seen a nice rally on expectations that China is back buying despite no truth to it yet.”
Kohake added, “Funds are still short in beans and expecting to break $10 again with probably one of the best bean crops ever seen.”
December CBOT wheat was down 2½¢ at $5.27¼ per bushel. December KC wheat dropped 5¢ at $5.21 per bushel. December Minneapolis wheat was up ½¢ at $5.53¾ per bushel.
October live cattle were up $3.15 at $237.87 per hundredweight (cwt). September feeder cattle jumped $4.40 at $362.50 per cwt. October lean hogs increased $1.27 at $91.20 per cwt.
October crude oil was up 29¢ at $63.81 per barrel.
As of 3:12 p.m. CT, the S&P 500 Index was up 91.44 points, and the Dow Jones Industrial Average increased 818.37 points.
The September U.S. Dollar Index was down 886 points.
Published: 3:30 p.m. CT
Early Grain Trade Mixed: 9:37 a.m. CT
Just before 9:30 a.m. CT, December corn was up ½¢ at $4.12¼ per bushel.
November soybeans were up 3¾¢ at $10.59¾ per bushel.
“[Thursday’s] spike in export basis gave the soy complex much of its support as it indicated a jump in demand.” Karl Setzer, partner with Consus Ag Consulting said, “Corn crop quality is also becoming more of an issue with fungus and rust cases rising. Soybean pod counts remain high but that does not mean the pods will be filled. Much of the Eastern Corn Belt is seeing drought build at a time when moisture demand increases.”
December CBOT wheat was down ½¢ at $5.29¼ per bushel. December KC wheat fell ½¢ at $5.25½ per bushel. December Minneapolis wheat dropped 2½¢ at $5.50¾ per bushel.
October live cattle were up 17¢ at $234.90 per hundredweight (cwt). September feeder cattle were 30¢ higher at $358.40 per cwt. October lean hogs increased $1.87 at $91.80 per cwt.
October crude oil was up 28¢ at $63.80 per barrel.
As of 9:20 a.m. CT, the S&P 500 Index was up 84.57 points, and the Dow Jones Industrial Average increased 675.24 points.
The September U.S. Dollar Index was down 606 points.
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