Soybeans Up More Than 6¢

As of 8:50 a.m. CT, December corn was up 2¢ at $4.23¾ per bushel.

November soybeans were up 6½¢ at $10.24¼ per bushel.

December CBOT wheat was unchanged at $5.12¾ per bushel. December KC wheat was up a penny at $4.96½ per bushel. December Minneapolis wheat was down less than a penny at $5.56¼.

“Grain and soybean futures again showed limited movement in the early trading session as market participants remained cautious amid an absence of fresh fundamental news with the federal government shutdown entering its seventh day,” The Brock Report said this morning of the overnight session. “Harvest pressure again weighed on corn futures, but soybean futures bucked the pressure to post modest gains on support from technically-driven short covering and soybean oil price strength. Wheat futures have also edged mostly higher. A stronger dollar has been a negative market factor and has helped push cotton futures lower.” 

Ahead of 9 a.m. CT, December live cattle were up 23¢ at $236.90 per hundredweight (cwt). November feeder cattle were up 58¢ at $361.38 per cwt. December lean hogs were down 43¢ at $86.85 per cwt.

November crude oil was up 13¢ at $61.82 per barrel.

The U.S. Dollar Index December contract was up to 98.15.

The S&P 500 Index was up 7.28 points, and the Dow Jones Industrial Average was up 70.84 points. 

Published: 9:24 a.m. CT