At the market close, March corn was up 4¼¢ at $4.48 per bushel.
January soybeans were down 6½¢ at $10.87¼ per bushel.
“Less positioning was seen ahead of this month’s data as the December release only updates demand, not production,” said Karl Setzer, partner with Consus Ag Consulting. “Ending stocks were forecast to be little changed this month as well, both domestically and globally. Trade showed interest in the White House’s Bridge payment announcement but is waiting for more details.”
March CBOT wheat was down ¼¢ at $5.34½¢ per bushel. March Kansas City wheat was up ½¢ at $5.27 per bushel. March Minneapolis wheat rose 4¢ at $5.61¾ per bushel.
February live cattle were up 27¢ at $226.95 per hundredweight (cwt). January feeder cattle were down 15¢ at $335.50 per cwt. February lean hogs fell 52¢ at $81.87 per cwt.
At 3:24 p.m. CT, January crude oil was down 50¢ at $58.38 per barrel.
The S&P 500 Index was up 17.28 points, and the Dow Jones Industrial Average increased 184.71 points.
The December U.S. Dollar Index was up 159 points.
Published: 3:30 p.m. CT
Mixed Positioning in Grains: 9:17 a.m. CT
Just after 9:00 a.m. CT, March corn was up 1½¢ at $4.45¼ per bushel.
January soybeans were down 3¼¢ at $10.90½ per bushel.
“Grains are currently favoring the upside and soybeans are under light pressure as we see final positioning for [Tuesday’s] WASDE update. No major changes are expected to balance sheets as only demand will be updated this month,” said Karl Setzer, partner with Consus Ag Consulting. “No significant changes are expected to the global side of the report either. Once this data is released trade focus will quickly revert to exports and South American weather for fundamental news.”
March CBOT wheat was up 1¢ at $5.35¾¢ per bushel. March Kansas City wheat increased 3¢ at $5.29½ per bushel. March Minneapolis wheat jumped 3¼¢ at $5.61 per bushel.
February live cattle were up 42¢ at $227.10 per hundredweight (cwt). January feeder cattle were $1.82 stronger at $337.47 per cwt. February lean hogs were down 85¢ at $81.55 per cwt.
At 9:12 a.m. CT, January crude oil was down 41¢ at $58.47 per barrel.
The S&P 500 Index was up 8.90 points, and the Dow Jones Industrial Average increased 192.72 points.
The December U.S. Dollar Index was up 169 points.
