Just after 10:00 a.m. CT, March corn was down 5¾¢ at $4.44¼ per bushel.
January soybeans were down 3¢ at $11.21¾ per bushel.
“Futures are again mixed with little clear direction being seen,” said Karl Setzer, partner with Consus Ag Consulting. “Fresh news remains light and this is contributing to the lethargic market action. Our next big influx of data will be next week’s WASDE update, but typically the December report is a quiet one. Month, quarter, and year-end will start to become primary factors in price discovery. Two main points of interest right now are the weather conditions in South America and escalated fighting in the Black Sea.”
March CBOT wheat was down 2¾¢ at $5.38¼¢ per bushel. March KC wheat dropped 4¾¢ at $5.28¼ per bushel. March Minneapolis wheat decreased ¾¢ at $5.64½ per bushel.
December live cattle were up $1.22 at $222.02 per hundredweight (cwt). January feeder cattle were $2.32 stronger at $332.20 per cwt. December lean hogs was up 47¢ at $80.65 per cwt.
At 10:06 a.m. CT, January crude oil was up 84¢ at $59.48 per barrel.
The S&P 500 Index was up 9.79 points, and the Dow Jones Industrial Average increased 181.64 points.
The December U.S. Dollar Index was down 401 points.
Published: 10:15 a.m. CT
