At the market close, December corn was down ½¢ at $4.17½ per bushel.
November soybeans were down 2¾¢ at $10.22¾ per bushel.
Jamey Kohake, Senior Risk Manager with Pinion said, “Commodities were pressured at the close by news of rain across the Corn Belt on Thursday as well a big second corn crop in Brazil.”
The wheat markets fell sharply at the close. September CBOT wheat was down 9¢ at $5.40½ per bushel. September KC wheat was 9¾¢ weaker at $5.23½ per bushel. September Minneapolis wheat dropped 8¢ at $5.52 per bushel.
October live cattle were up $2.37 at $223.50 per hundredweight (cwt). August feeder cattle were $3.25 stronger at $331.52 per cwt. October lean hogs increased 40¢ at $90.90 per cwt.
Just after 3:00 p.m. CT, September crude oil was up 17¢ at $65.48 per barrel.
September S&P 500 futures were up 48 points. September Dow was up 496 points.
The September U.S. Dollar Index was down 197 points.
Published: 3:22 p.m. CT
Soybeans Jump a Nickel: 9:41 a.m. CT
At 9:30 a.m. CT, December corn was unchanged at $4.18 per bushel.
November soybeans were up 5¾¢ at $10.31¼ per bushel.
Karl Setzer, partner with Consus Ag Consulting said, “Futures’ trade was choppy overnight with values seeing both sides of unchanged. Much of this was reaction to news the U.S. and Japan have reached a trade deal, although details remain sparse. It does open up the possibility of more trade, and that is the main point.”
The wheat markets were weaker in the morning. September CBOT wheat was down 3½¢ at $5.46 per bushel. September KC wheat was 5¼¢ lower at $5.28 per bushel. September Minneapolis wheat was unchanged at $5.60 per bushel.
October live cattle were up $1.40 at $222.52 per hundredweight (cwt). August feeder cattle were $1.30 higher at $329.57 per cwt. October lean hogs were down 70¢ at $89.80 per cwt.
September crude oil was down 40¢ at $64.91 per barrel.
September S&P 500 futures were up 14 points. September Dow was up 197 points.
The September U.S. Dollar Index was up 133 points.
