Soybeans in the Red This Morning

As of 9:38 a.m. CT, December corn was up 1¾¢ at $4.12½ per bushel.

November soybeans were down 3¾¢ at $10.04 per bushel.

December CBOT wheat was up 2¼¢ at $4.99 per bushel. December KC wheat was up 4¢ at $4.85¼ per bushel. As of 9:30 a.m. CT, December Minneapolis wheat was up less than a penny at $5.52.

“Grain and soybean futures came under renewed pressure in early trade with soybean contracts falling to nine-session lows, corn futures sliding to six-plus-week lows, and wheat futures again sliding to new contract lows,” said The Brock Report of the overnight session. “Wheat futures were pressured by indications of rising Russian exports. Harvest pressure weighed on corn and soybean futures along renewed uncertainty about prospects for a U.S.-China trade deal, a strong dollar, and renewed weakness in crude oil futures.”

Despite the escalation in trade tensions that occurred last week, Reuters reported that U.S. Treasury Secretary Scott Bessent said he believes the meeting planned for later this month between President Donald Trump and Chinese President Xi Jinping is still going to happen.

As of 9:38 a.m. CT, December live cattle were up 90¢ at $245.65 per hundredweight (cwt). November feeder cattle were up $2.68 at $379.40 per cwt. December lean hogs were down $1.93 at $82.93 per cwt.

December crude oil was down $1.12 at $57.95 per barrel.

As of 9:39 a.m. CT, the U.S. Dollar Index December contract was down to 98.96.

As of 9:34 a.m. CT, the S&P 500 Index was down 38.06 points, and the Dow Jones Industrial Average was down 124.22 points. 

Published: 10:10 a.m. CT