(Illustration by Nick Scalise)
OMAHA (DTN) – July corn rose 1 3/4 cents per bushel, July soybeans fell 1/4 cent per bushel. In July, KC wheat fell 4 1/2 cents per bushel, in July, Chicago wheat rose 1 cent per bushel, and in July, Minneapolis wheat fell 4 3/4 cents. The Dow Jones Industrial Average rose 66.88 points to 38,919.15 and the US dollar index rose 0.120 to 105.17 and June crude oil fell $0.19 a barrel to $78.29. Corn, soybeans and Chicago wheat have recovered and are trading higher, and KC and Minneapolis wheat have rebounded strongly from the morning low, with KC July now 16 cents above the low.
Posted at 8:38 a.m. – July corn flat, July soybeans down 1/2 cent per bushel. In July, KC wheat fell 15 3/4 cents per bushel, in July, Chicago wheat fell 7 1/4 cents per bushel, and in July, Minneapolis wheat fell 11 3/4 cents. The Dow Jones Industrial Average rose 54.43 points to 38,906.70. The US dollar index rose by 0.040 to 105.09 and June crude oil fell by $0.25 a barrel to $78.23. Corn and soybean prices are initially stable to slightly declining, while wheat markets are under strong selling pressure after Monday's dynamic rally in both markets. Soybean oil is getting a boost from competing vegetable oil markets and is higher for the second straight day.
Posted 8:35 a.m. – June live cattle increased $0.95 to $177,925, August feeder cattle increased $1.35 to $254,225, June lean hogs increased $1.18 to $99.35 , July corn is down 1/2 cent per bushel and July soybean meal is down $3.40 . The Dow Jones Industrial Average rose 29.30 points. With corn prices opening lower early on Tuesday, traders are comfortable trading higher as they were pleased to see packaged beef prices close higher on Monday afternoon. If packaged beef prices continue to see support throughout the week, traders will likely continue to support the complex and trade higher as processing speeds move faster and the spot market has traded higher.
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