At the market close, December corn was up 2¾¢ at $3.97¼ per bushel.

November soybeans were up 11½¢ at $10.44¼ per bushel.

“Another day of light short covering led by beans.” Jamey Kohake, senior risk manager with Pinion, said, “August to January crop reports usually get revised lower. With a record harvest being forecasted it will probably be short lived.”

September CBOT wheat was up 2¼¢ at $5.07¼ per bushel. September KC wheat was down 2¢ at $5.28 per bushel. December Minneapolis wheat increased ¾¢ at $5.54¼ per bushel.

October live cattle were up 40¢ at $229.42 per hundredweight (cwt). September feeder cattle were 37¢ higher at $346.62 per cwt. October lean hogs fell 82¢ at $90.77 per cwt.

September crude oil was down 42¢ at $62.75 per barrel.

As of 3:20 p.m. CT, the S&P 500 Index was up 20.82 points, and the Dow Jones Industrial Average increased 463.66 points.

The September U.S. Dollar Index was down 272 points.

Published: 3:24 p.m. CT

Higher Grains Movement: 11:20 a.m. CT

Just before 10:30 a.m. CT, December corn was up 1¾¢ at $3.96¼ per bushel.

November soybeans were up 6½¢ at $10.39¼ per bushel.

“Soybeans are building on [Tuesday’s] string trade while corn is attempting a recovery and wheat is mixed.” Karl Setzer, partner with Consus Ag Consulting, said, “The unexpected cut to U.S. soybean stocks to use provided the complex with the majority of support [Tuesday] as new crop inventory will need to be rationed. Any downward revision to production now will be too much.”

September CBOT wheat was up 2¢ at $5.07 per bushel. September KC wheat was down ½¢ at $5.29½ per bushel. December Minneapolis wheat fell 4¢ at $5.53½ per bushel.

October live cattle were up $2.50 at $231.52 per hundredweight (cwt). September feeder cattle were $2.77 higher at $349.02 per cwt. October lean hogs fell 25¢ at $91.35 per cwt.

September crude oil was down 94¢ at $62.23 per barrel.

As of 10:20 a.m. CT, the S&P 500 Index was up 7.43 points, and the Dow Jones Industrial Average increased 297.78 points.

The September U.S. Dollar Index was down 357 points.

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