Wheat Making Gains Again Today

December corn is down a penny this morning.

January soybeans are down 6¢.

March wheat contracts are higher. CBOT wheat is up 3½¢. KC and Minneapolis wheat are up 2¾¢.

Discussing the overnight trading session, The Brock Report said: “Grain and soybean futures are again mixed at the end of early trading with wheat futures higher for the third straight day despite stronger-than-expected U.S. winter wheat crop ratings [in yesterday’s USDA Crop Progress report] amid concerns the Russia-Ukraine war is escalating.

“Corn futures ended a dull early trading session narrowly mixed amid an absence of fresh fundamental news, while soybean futures edged slightly lower under pressure from favorable South American crop prospects and a strong dollar.”

February live cattle are down 35¢. January feeder cattle are up 15¢. February lean hogs are down 33¢.

January crude oil is up 23¢.

The U.S. Dollar Index December contract is down to 106.17.

December S&P 500 futures are down 35 points. December Dow futures are down 362 points.

Published: 8:54 a.m. CT