:max_bytes(150000):strip_icc()/a-farmer-discs-a-field-in-frederick-county-md-may-12-2020-in-preparation-for-planting-spring-corn-jpg-82ef6b905cab4a48b5df702d22b9cff8.jpg "U.S. Lawmakers Share Concerns About Consolidation in Seed, Fertilizer Industries")
:max_bytes(150000):strip_icc()/soybeans-closeup-landscape-1-2000-a25d6239d4194b0891ee85db842aee1f.jpg "How Can Farmers Prepare for the Market’s Next Big Move in Soybeans?")
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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
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:max_bytes(150000):strip_icc()/MalaysiaAmbassadorGreer-6551b3a603844e93b33aedcf765b2f52.png "Farm Groups Praise Trump’s New Southeast Asia Trade Deals")