Just before 9:30 a.m. CT, December corn was down 2¢ at $4.29½ per bushel.
January soybeans were up 7¼¢ at $11.22½ per bushel.
“Corn, soybeans, and wheat are all stronger to start the week as light new-month buying has taken place. Cooling trade tensions with China are a primary reason for this as China bought a reported seven U.S. soybean vessels last week along with some wheat,” said Karl Setzer, partner with Consus Ag Consulting. He continued that U.S. harvest is winding down. “We did see a bump in farmer selling on last week’s rally, but not nearly as much as buyers had hoped for. U.S. basis values all firmed last week on slow deliveries and added demand, putting more pressure on domestic processing margins.”
December CBOT wheat was down ½¢ at $5.33½ per bushel. December KC wheat were 5¢ weaker at $5.19½ per bushel. December Minneapolis wheat increased 5¢ at $5.22½ per bushel.
December live cattle were up $1.60 at $231.27 per hundredweight (cwt). January feeder cattle jumped $3.62 at $335.52 per cwt. December lean hogs were down $1.20 at $80.07 per cwt.
At 9:29 a.m. CT, December crude oil was down 20¢ at $60.78 per barrel.
The S&P 500 Index was down 3.44 points, and the Dow Jones Industrial Average dropped 253.61 points.
The December U.S. Dollar Index was up 65 points.
Published: 9:37 a.m. CT
