Shortly past 9 a.m. CT, December corn was up 3¼¢ at $4.32 per bushel.
January soybeans were up 12¢ at $10.97 per bushel.
December CBOT wheat was up 5¾¢ at $5.31¾ per bushel. December KC wheat was up 6½¢ at $5.20¾ per bushel. December Minneapolis wheat was up 6¢ at $5.66¼.
“It was positive to see the grains rally as a trade deal is anticipated this Thursday [between the U.S. and China]…,” said Cole Raisbeck, commodities broker at Kluis Commodity Advisors, about yesterday’s trade.
“Headline risk remains prevalent. Soybeans have rallied roughly 70¢ since the harvest lows, yet not a single bushel has been sold to China. If the deal does not get done Thursday, the market may pull back.”
A little after 9 a.m. CT, January feeder cattle were down $13.08 at $321.35 per hundredweight (cwt). December live cattle were down $1.38 at $225.80 per cwt. December lean hogs were up 5¢ at $81.55 per cwt.
December crude oil was down 69¢ at $60.62 per barrel.
The U.S. Dollar Index December contract was up to 98.62.
Ahead of 9 a.m. CT, the S&P 500 Index was up 5.04 points, and the Dow Jones Industrial Average was up 191.29 points.
Published: 9:32 a.m. CT
