Posted at 10:35 a.m. – March corn up 2 1/2 cents per bushel, March soybeans up 12 cents per bushel. In March, KC wheat is up 1/4 cent per bushel, in March, Chicago wheat is up 2 1/2 cents per bushel, and in March, Minneapolis wheat is stable. The Dow Jones Industrial Average rose 176.44 points to 38,848.13 and the U.S. dollar index rose 0.000 to 104.11 and March crude oil fell $0.13 a barrel to $76.71. Soybeans, soymeal and corn continue to be Monday's winners, while wheat is still mixed and bean oil is down slightly on a day with little news. Both China and South America celebrate holidays, helping to dampen trade early in the week.
Posted at 8:37 a.m. – March corn is up 1 1/2 cents per bushel, March soybeans are up 7 3/4 cents per bushel. March KC wheat is down 1 1/4 cents per bushel, March Chicago wheat is down 4 1/4 cents per bushel and March Minneapolis wheat is down 2 1/4 cents. The Dow Jones Industrial Average rose 5.83 points to 38,677.52, the U.S. dollar index rose 0.070 to 104.18 and March crude oil fell $0.16 a barrel to $76.68. Early Monday is quiet, corn, soybeans and soymeal are solid initially, wheat and bean oil are mostly low. Both China and South America are celebrating holidays this week, causing some volume to be lost. In South America the weather remains predominantly bearish.
Posted 7:06 p.m. (02/11) – After opening hours Sunday evening, March corn was up 3/4 cent and March soybeans were up 1 1/4 cent. Rain showers are expected to weaken in central Brazil this week, which will have a positive impact on soybean and corn crops. In southern Brazil and Argentina, crops will benefit from better rain coverage this week. March KC wheat is up 1/2 cent and March Minneapolis wheat is down 1/4 cent. The Oklahoma and Texas Panhandle are currently experiencing a mix of snow and rain. March crude oil prices fell $0.45 and Dow Jones futures rose 12 points. The US Dollar Index fell by 0.13 and gold prices for April rose by $1.90. Markets in China are closed this week for the Lunar New Year. The 49ers lead 10-0 with a minute left in the first half.
Posted at 11:41 a.m. – April live cattle are down $1.18 to $185.55, March feeder cattle are up $0.85 to $248, April lean hogs are up $0.28 to $80,875 decreased, March corn was up 2 cents per bushel and March soybean meal was up $7.50. The Dow Jones Industrial Average rose 174.40 points. Towards midday on Monday, livestock is mixed as the live cattle market is still trying to fully understand last week's move with the cash market's sharp rise from $4.00 to $10.00. New show listings seem to be mixed, higher in Kansas but lower in Texas and Nebraska/Colorado.
Posted 08:35 – April live cattle are stable, March feeder cattle are up $0.28 to $247,425, April lean hogs are up $0.40 to $81.55, March is corn rose 2 1/4 cents per bushel and March soybean meal rose $6.50. With the majority of last week's cash cattle trade developing after the mandatory reporting deadline, it will be very interesting to see exactly how many cattle were purchased last week and made available for which delivery option. If packers bought enough cattle, they might not need to support the cash market as much this week.
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