Ahead of 9:30 a.m. CT, December corn was down 3½¢ at $4.12 per bushel.
November soybeans were down 4½¢ at $9.97¼ per bushel.
December CBOT wheat was down 3½¢ at $5.04½ per bushel. December KC wheat was down 6¾¢ at $4.91 per bushel. December Minneapolis wheat was down 4¼¢ at $5.58½.
In the wake of the government shutdown, Arlan Suderman, chief commodities economist at Stonex, said markets (agricultural and outside) are “drifting in a bit of a fog” as many government reports that impact market activity won’t be released. He noted USDA has not said whether or not the agency will release expected reports. The October World Agricultural Supply and Demand Estimates (WASDE) report is scheduled for next Thursday, Oct. 9.
Suderman also noted grains and oilseeds are weaker this morning in response to yesterday’s bearish USDA reports.
Ahead of 9:30 a.m. CT, December live cattle were up $1.13 at $235.90 per hundredweight (cwt). November feeder cattle were up $3 at $362.35 per cwt. December lean hogs were up 8¢ at $88.80 per cwt.
November crude oil was down 55¢ at $61.82 per barrel.
The U.S. Dollar Index December contract was down to 97.33.
The S&P 500 Index was down 12.57 points, and the Dow Jones Industrial Average was up 10.60 points.
Published: 9:52 a.m. CT
