(Illustration by Nick Scalise)
OMAHA (DTN) — July corn is down 4 cents a bushel, July soybeans are down 3 3/4 cents, July KC wheat is down 15 3/4 cents, July Chicago wheat is down 12 cents down and July Minneapolis wheat is down 12 1/2 cents. The Dow Jones Industrial Average is up 57.58 points and crude oil is down $1.47 a barrel in June. The US Dollar Index is up 0.050 and Gold is up $12.80 an ounce in June. In a quiet and low-volume trade with many nations closed and celebrating May Day, Corn, Soybean and Wheat weakness continues into the new week but all markets are becoming very oversold. The weather is certainly conducive to intensifying sowing efforts. Some bearish external financial forces are still overhanging the grain and soybean markets.
Posted Sunday April 30 at 7:05pm CDT – July Corn is down 1 1/2 cents a bushel, July Soybeans are down 3/4 cents, July KC Wheat is down 2 3/ Down 4 cents, July Chicago wheat is up 1/4 cent and July Minneapolis wheat is down 2 3/4 cents. The Dow Jones Industrial Average is down 25 points and June Crude Oil is down $0.54 a barrel. The US Dollar Index is up 0.060 and gold is down $3.50 an ounce in June. Corn, wheat and soybeans are under some pressure early Sunday evening. Many of the overseas markets are closed on Monday for the May Day celebrations. After some cool and unsettled weather over the weekend, this week will be warmer and drier, which should help planting.
Posted 08:34 — Live cattle in June are up $0.03 to $165.5, feed cattle in August are up $0.23 to $230.95, lean hogs in June are up $0.45 Down $91.25, corn is down 4 1/2 cents a bushel in July and soybean meal is down $2.30 in July. The Dow Jones Industrial Average is up 67.34 points. Cattle breeders will be eagerly awaiting this morning’s USDA report showing how last week’s cattle sales were destined for delivery. If a minimum number of cattle have been committed to the delayed delivery option then the spot market has the potential for stable trading, but if a large percentage has been committed to the delayed delivery option then cash sellers are in a weaker position.
(c) Copyright 2023 DTN, LLC. All rights reserved.
Comments are closed.