Ahead of 9:30 a.m. CT, December corn was down a penny at $4.18 per bushel.
November soybeans were up less than a penny at $10.18½ per bushel.
December CBOT wheat was up 1¼¢ at $5.16½ per bushel. December KC wheat was up less than a penny at $4.97½ per bushel. December Minneapolis wheat was up 2¢ at $5.61¾.
“Grain and soybean futures mostly managed small gains in cautious early trading, but corn futures have slipped into the red amid harvest pressure since reopening,” The Brock Report said this morning. “A strong dollar has been a negative market factor as well, but soybean futures have managed modest gains on renewed short covering, and wheat futures have also edged higher on short covering.”
Bob Linneman, a commodities broker with Kluis Commodity Advisors, said the USDA is not expected to release the weekly Crop Progress report today due to the ongoing government shutdown.
“Traders think harvest progress is rolling along and should be closing in on the 30% mark soon for corn and soybeans,” he said.
Ahead of 9:30 a.m. CT, December live cattle were down 40¢ at $234.10 per hundredweight (cwt). November feeder cattle were up $1.80 at $357.23 per cwt. December lean hogs were down 85¢ at $86.45 per cwt.
November crude oil was up 75¢ at $61.63 per barrel.
The U.S. Dollar Index December contract was up to 97.90.
The S&P 500 Index was up 12.53 points, and the Dow Jones Industrial Average was down 243.21 points.
Published: 9:46 a.m. CT