Mixed Trade to Start Week

Just before 9:30 a.m. CT, December corn was down 1¢ at $4.12 per bushel.

November soybeans were up 2¼¢ at $10.09 per bushel.

“Soybeans are showing a little strength to start the week while grains are struggling.” Karl Setzer, partner with Consus Ag Consulting said, “[It is] taking support from a firming cash market and thoughts the U.S. crop may fall short of current estimates, which are already short of projected new crop demand. Soybean harvest is already winding down across the U.S. and basis is firming. Corn basis is also starting to firm as farmers are showing no interest in marketing at today’s values.”

December CBOT wheat was down 3¢ at $4.95½ per bushel. December KC wheat dropped 3¢ at $4.80 per bushel. December Minneapolis wheat decreased 7½¢ at $5.26¼ per bushel.

December live cattle were up $1.15 at $243.67 per hundredweight (cwt). November feeder cattle were 52¢ higher at $376.42 per cwt. December lean hogs were up $1.05 at $85.07 per cwt.

December crude oil was up 87¢ at $59.35 per barrel.

As of 9:33 a.m. CT, the S&P 500 Index was up 94.30 points, and the Dow Jones Industrial Average jumped 492.03 points.

The December U.S. Dollar Index was up 323 points.

Published: 9:40 a.m. CT