Just before 9:30 a.m. CT, December corn was up 3¢ at $4.08½ per bushel.
November soybeans were up 19½¢ at $10.07 per bushel.
“Any Chinese new-crop demand for any commodity would be favorable as there are no sales listed from the U.S.” Karl Setzer, partner with Consus Ag Consulting, said,” Trade is also overlooking the fact U.S. new-crop corn sales are over twice last year’s pace at this time. Instead, the market remains wholly focused on production, and until this changes, upside potential may be limited. The majority of the session will be spent getting positions in place ahead of [Tuesday’s] USDA World Agricultural Supply and Demand update.”
Wheat markets were stronger Monday morning. September CBOT wheat was up 7½¢ at $5.22 per bushel. December KC wheat was 5½¢ stronger at $5.23¾ per bushel. September Minneapolis wheat was up 4¼¢ at $5.52¾ per bushel.
October live cattle were down $1.17 at $224.80 per hundredweight (cwt). September feeder cattle were $2.47 lower at $337.90 per cwt. October lean hogs increased 65¢ at $91.32 per cwt.
September crude oil was up 19¢ at $64.07 per barrel.
As of 9:30 a.m. CT, the S&P 500 Index was up 4.33 points, and the Dow Jones Industrial Average dropped 51.76 points.
The September U.S. Dollar Index was up 416 points.
Published: 3:40 p.m. CT