Corn closes down 4¢ | Tuesday, August 22, 2023

December corn ended the day down 3½¢.

November soybeans are down 17¼¢.

Wheat ended the day mixed. CBOT wheat is up 3¼¢. KC wheat is down a penny. Minneapolis wheat is down 8¾¢.

At midday The Brock Report said results of the crop tour so far this week were "helping to set a negative tone."

"Outside financial markets aren't helping commodities today, as the dollar index has climbed to a 2 ½-month high and the stock market is weaker," said The Brock Report in its midday update.

Currently the U.S. Dollar Index September contract is up to 103.54. S&P 500 futures are down 14 points and Dow futures are down 187 points. Crude oil is down 33¢.

October livestock closed down. Live cattle are down $1.30. Lean hogs are down $1.18. Feeder cattle are down $1.53.

Published: 3:11 p.m. CDT

Soybeans down 20¢ a midday: 11:47 a.m. CDT

December corn is down 6¢ at midday while November soybeans are down 20¢.

Wheat has also turned red. CBOT wheat is down 1¼¢. KC wheat is down 2½¢. Minneapolis wheat is down 10¢.

October livestock are still down. Live cattle and lean hogs are down $1.33. Feeder cattle are down $1.00.

Crude oil is up 5¢.

The U.S. Dollar Index September contract is up to 103.51.

S&P 500 futures are down 10 points. Dow futures are down 164 points.

Published: 11:47 a.m. CDT

Corn and soy in the red: 9:22 a.m. CDT

December corn is currently down 1¼¢.

November soybeans are down 5¢.

CBOT wheat is up 4½¢. KC wheat is up 3½¢. Minneapolis wheat is up by half of a penny.

Arlan Suderman, chief commodities economist for StoneX says he was not surprised day one of the Pro Farmer crop tour found good crops in Ohio and South Dakota.

"I will be more interested in what they find as they get deeper into Nebraska today, and into Iowa and Illinois tomorrow," he says. "The day one results still fit with our yield projections, but observations the next couple of days will tell us a great deal more."

This morning USDA reported export sales of 224,000 metric tons of corn to Mexico. Half is to be delivered during the 2024/2025 marketing year and half is for the 2025/2026 marketing year.

October livestock are in the red this morning. Live cattle are down $1.00. Lean hogs are down 78¢. Feeder cattle are down $1.55.

Crude oil is up 9¢.

S&P 500 futures are up 7 points. Dow futures are dow 40 points.

Outside of the U.S., milling wheat is flat on the MATIF exchange. Corn and No. 2 soybeans are up on the Dalian exchange while No. 1 soybeans are down.

Published: 9:22 a.m. CDT