Soybeans Up More Than 20¢

Ahead of 9 a.m. CT, December corn was up 4¼¢ at $4.34½ per bushel.

January soybeans were up 20½¢ at $11.45 per bushel.

March CBOT wheat was up 13¼¢ at $5.54¾ per bushel. March KC wheat was up 12¼¢ at $5.43¼ per bushel. March Minneapolis wheat was up 5½¢ at $5.81¾.

Ahead of 9 a.m. CT, January feeder cattle were up $2.90 at $322.48 per hundredweight (cwt). December live cattle were down 8¢ at $221.28 per cwt. December lean hogs were up $1.83 at $81.23 per cwt.

“Grain and soybean futures recovered somewhat from their Friday sell-off with soybean contracts apparently getting a boost from renewed expectations for Chinese buying after President Trump said late on Friday that Washington and Beijing had held talks on Chinese purchases of U.S. soybeans and other farm products,” said The Brock Report of the overnight session. “Erratic rainfall in Brazil may also be supporting soybean prices. Corn futures have followed soybeans higher, but gains have been limited by large U.S. supplies. Wheat futures have managed a moderate [recovery] on apparent support from speculative bargain hunting.”

Ahead of 9 a.m. CT, January feeder cattle were up $1.25 at $321.80 per hundredweight (cwt). February live cattle were up 68¢ at $220.20 per cwt. February lean hogs were down 18¢ at $79.20 per cwt.

January crude oil was down 3¢ at $59.92 per barrel.

The U.S. Dollar Index December contract was up to 99.42.

The S&P 500 Index was up 18.60 points, and the Dow Jones Industrial Average was down 5.11 points. 

Published: 9:34 a.m. CT