Posted at 10:36 a.m. – December corn is up 10 1/2 cents per bushel, November soybeans are up 1 3/4 cents per bushel. In December, KC wheat rose 13 cents per bushel, in December, Chicago wheat rose 19 1/4 cents per bushel, and in December, Minneapolis wheat rose 12 1/2 cents. The Dow Jones Industrial Average fell 19.30 points to 33,488.20, the U.S. dollar index rose 0.570 to 106.74 and crude oil fell $1.76 a barrel to $89.03 in November. Both wheat and corn are rising sharply despite a new high in the US dollar index. It looks like Friday’s bearish reaction to the USDA stock report and small grain roundup was overblown. Soybeans were now trending higher, fending off early weakness and despite weakness in soymeal.
Posted 08:35 – December corn is up 5 1/4 cents per bushel, November soybeans are down 3 1/2 cents per bushel. In December, KC wheat rose 9 cents per bushel, in December, Chicago wheat rose 9 1/2 cents per bushel, and in December, Minneapolis wheat rose 12 cents. The Dow Jones Industrial Average fell 49.48 points to 33,458.02 and the U.S. dollar index rose 0.460 to 106.64 and November crude oil rose $0.35 a barrel to $91.14. The USDA announced some new sales early Monday: 210,000 metric tons (8.3 million metric tons) of corn were sold to Mexico and 132,000 metric tons (4.85 million metric tons) of soybeans were sold to China for 2023-24. Corn and wheat are recovering somewhat, while soybeans and soymeal are under pressure after inventories rose on Friday on September 1 and more soymeal was delivered.
Posted on Sunday, October 1st at 7:05 pm – After the Sunday evening opening, prices for row crops are mixed. December corn is up 1 1/4 cents and November soybeans are down 1 1/4 cents. Sunday temperatures in the 90s across the western Plains and north-central Midwest followed rains in Minnesota and Wisconsin over the weekend, but most of the Corn Belt was dry, helping crop progress. December KC wheat rose 2 3/4 cents and December Minneapolis wheat rose 3 cents. The Jerusalem Post reported on Sunday that five new ships were on their way to Ukraine and three would head through the Black Sea to ensure a steady flow of grain. Crude oil rose $0.36 in November and Dow Jones futures rose 151 points after Congress reached a last-minute deal on funding the government for 45 days to temporarily avoid a shutdown . The US dollar index rose by 0.08 and the price of gold in December fell by $2.20.
Posted at 11:27 a.m. — December live cattle are up $0.83 at $188.75, November feeder cattle are up $1.73 at $256,625, December lean hogs are up $2.18 at 69 $.6 down, corn up 9 cents a bushel in December and soybean meal down $7.40 in December. The Dow Jones Industrial Average is down 211.47 points. Last week’s negotiated cash trade totaled 73,514 animals. Of these, 80% (58,802 pieces) were for local delivery, while the remaining 20% (14,712 pieces) were for delayed delivery.
Posted 8:33 a.m. – December live cattle are up $0.45 to $188,375, November feeder cattle are up $0.45 to $255.35, December lean hogs are down $1.05 to $70,725, Corn rose 4 3/4 cents per bushel in December and soybean meal fell $2.70 in December. The Dow Jones Industrial Average is down 94.00 points. The livestock industry is back on the upswing as the market breathes a sigh of relief now that a government shutdown has been avoided. Meanwhile, the Lean Hog complex is not seeing the same support as the December spot contract has slipped significantly lower.
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