Soybeans Close Up More Than 5¢

July corn ended the day up 3¢ at $4.45½ per bushel.

July soybeans closed up 5¼¢ at $10.77¾ per bushel.

July wheat contracts closed mixed. CBOT wheat ended the day up 7½¢ at $5.24¾ per bushel. KC wheat was up 11¼¢ at $5.23. Minneapolis wheat was down 3¾¢ at $5.77.

“Corn and soybeans spent much of the session fractionally mixed in lethargic trade,” said Karl Setzer, partner at Consus Ag Consulting. “Spread trade dominated the early part of the session and generated this mixed trade, as did conflicting supply and demand data. … Corn also benefited from technical buying as those contracts are oversold.”

August live cattle ended the day down $2.25 at $209.38 per hundredweight (cwt). August feeder cattle closed down $4.03 at $301.98 per cwt. June lean hogs were down 65¢ at $98.85 per cwt.

Just before 3 p.m. CT, June crude oil was down 82¢ at $62.85 per barrel.

June S&P 500 futures were up 4 points. June Dow futures were down 112 points.

Published: 3:16 p.m. CT

Corn and Soy Up Slightly: 9:49 a.m. CT

As of 9:03 a.m. CT, July corn was up less than a penny at $4.42¾ per bushel.

July soybeans were up less than a penny at $10.72¾ per bushel.

July wheat contracts were mixed. CBOT wheat was up 4¼¢ at $5.21½ per bushel. KC wheat was up 5¢ at $5.16¾. Minneapolis wheat was down 3¼¢ at $5.77½.

Naomi Blohm, senior market advisor with Total Farm Marketing, described the overnight trade and trade this morning as “quiet,” adding, “Grains are trading calmly and two-sided, in small trading ranges.”

August live cattle were up 30¢ at $211.93 per hundredweight (cwt) as of 9:03 a.m. CT. August feeder cattle were down $1.13 at $304.88 per cwt. June lean hogs were down 95¢ at $98.55 per cwt.

June crude oil was down 27¢ at $63.40 per barrel.

As of 9:04 a.m. CT, the U.S. Dollar Index June contract was down to 100.54.

June S&P 500 futures were up 3 points. June Dow futures were up 39 points.

Published: 9:49 a.m. CT