(Illustration by Nick Scalise)
Posted at 8:37 am – July Corn is down 6 1/4 cents a bushel, July Soybeans are up 5 cents, July KC Wheat is down 1 cent, July Chicago Wheat is up 2-1 /2 cents down and July Minneapolis wheat is up 3 cents. The Dow Jones Industrial Average is down 76.89 points and crude oil is up $0.05 a barrel in June. The US dollar index is up 0.320 and gold is down $1.10 an ounce in June. Corn continues to fall amid heavy selling pressure as funds appear to add to a short position. Soybeans, soy flour and Minneapolis wheat are slightly higher at the beginning. We’ll see if the funds are done liquidating the length of the soy market.
OMAHA (DTN) – June livestock are stable, August feed cattle are up $0.05 to $231.625, June lean hogs are up $0.75 to $90.85, corn is up 7 1/7 in July Down 2 cents a bushel and soybean meal is down $0.20 in July. The Dow Jones Industrial Average is down 42.85 points. Livestock will trade higher for most of the first hour on Friday as traders look to the market for support. No bids have been renewed yet in the Bar Cattle Market, but more trade should develop by the end of the week. Asking prices are around $176 in the South and over $286 in the North.
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