Posted at 10:34 am – December Corn is up 5 cents a bushel, November Soybeans are down 3 3/4 cents, September KC Wheat is up 11 1/2 cents, September Chicago Wheat is up up 13 1/4 cents and September Minneapolis wheat is up 14 3/4 cents. The Dow Jones Industrial Average is up 97.26 points and crude oil is down $1.16 a barrel in August. The US dollar index is up 0.070 and gold is down $0.70 an ounce in August. It appears that profit taking and the drop in crude oil prices have caused beans and bean oil to weaken after a very good start. Wheat is still posting a significant increase, with Minneapolis leading the way in the projected drier Northern Plains and Canadian Prairies regions.
Posted 8:36 am – December Corn is up 5 3/4 cents a bushel, November Soybeans are up 1/2 cent, September KC Wheat is up 7 3/4 cents, September Chicago Wheat is up 8 1/2 cents and September Minneapolis wheat is up 11 3/4 cents. The Dow Jones Industrial Average is up 160.78 points and crude oil is down $0.39 a barrel in August. The US dollar index is up 0.080 and gold is down $2.40 an ounce in August. Grain and soybean markets have declined from morning highs. Soybean meal has actually started trading lower. Wheat markets are stronger again, led by Minneapolis new crop futures on the largely dry forecast for spring wheat regions in the US and Canada.
Posted at 11:40 am – In August live cattle are up $2.08 to $178.975, in August forage cattle are up $1.30 to $246.3, in August lean hogs are up $0.25 to 96, Down $25, in December corn is up 5 3/4 cents a bushel and in December soybean meal is up $0.30. The Dow Jones Industrial Average is up 113.50 points. The cash beef cattle market is still no business as both growers and packers hope the other side will eventually give way. Asking prices are around $180-$182 in the South and over $295 in the North.
Posted 8:36 AM — August live cattle are up $0.45 to $177.35, August forage cattle are down $0.10 to $244.9, August lean hogs are down $0.48 to $96.975 $up, Corn is up 6 3/4 cents a bushel in December and Soybean meal is flat in December. The Dow Jones Industrial Average is up 144.68 points. There is still no trade in the cash cattle market as packers and fatteners remain in a difficult standoff. Asking prices are around $180-$182 in the South and over $295 in the North. The focus on Friday will be to watch the cash market and see what develops.
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