Posted 10:31 – July Corn is down 1/4 cent a bushel, July Soybeans are down 3 3/4 cents, July KC Wheat is down 9 1/2 cents, July Chicago Wheat is up down 4 1/2 cents and July Minneapolis wheat is down 6 3/4 cents. The Dow Jones Industrial Average is down 586.94 points and crude oil is down $3.49 a barrel in June. The US Dollar Index is down 0.100 and Gold is up $27.70 an ounce in June. Wheat, soybeans and soy flour are all under pressure Tuesday morning. The wheat slump continues with KC July making another fresh low and likely heading for the 10th lower close in the past 11 days. Pressure is coming from outside the financial markets with Crude Oil down $3.49 and the Dow Jones down 586 on worse than expected jobs numbers. Bean oil has so far avoided weakness despite the collapse in crude oil.
Posted at 8:35 am – July Corn is down 1 3/4 cents a bushel, July Soybeans are up 1 1/4 cents, July KC Wheat is down 2 cents, July Chicago Wheat is up down 3 cents and July Minneapolis wheat is down 4 cents 3/4 cent. The Dow Jones Industrial Average is down 163.85 points and crude oil is down $1.62 a barrel in June. The US Dollar Index is up 0.160 and Gold is up $5.90 an ounce in June. The corn and wheat markets continue to move lower while only soybeans and bean oil are higher for the day. The upcoming weather seems conducive to accelerated sowing. US corn demand remains weak. Supportive is the reduced chance of a renewal of the Black Sea Grain Corridor with a meeting scheduled for Wednesday, but Russia seems inclined to disagree with a renewal.
Posted 11:26 — June live cattle down $1.70 to $163.175, August feed cattle down $2.75 to $227.35, June lean hogs down $0.40 to 89, Down $3, corn is up 2 1/2 cents a bushel in July and soybean meal is down $4.60 in July. The Dow Jones Industrial Average is down 529.67 points. Weak movement was noted in the south, where cattle are trading at $172, down $1.00 from last week’s weighted average. No trade in bar cattle has been reported in the North and asking prices are not even set at this point.
Posted at 8:35 am — June live cattle down $0.80 to $164.075, feed cattle down $0.65 to $229.45 in August, lean hogs down $0.63 to $89.075 in June, Corn was up 2 cents a bushel in July and soybean meal was $2.40 in July. The Dow Jones Industrial Average is down 147.88 points. The livestock sector starts the day cautiously again as traders look for fundamental support before continuing to pull contracts forward. No bids or ask prices have yet been quoted for the Barvieh Market and trading is not likely to develop until Wednesday.
(c) Copyright 2023 DTN, LLC. All rights reserved.
Comments are closed.