Corn and soy close in the red | Monday, October 23, 2023

December corn ended the day down 4¾¢.

November soybeans are down 15¼¢.

CBOT and KC wheat both went up about 10¢ at earlier points in the day but ultimately ended the day up by less than a penny. Minneapolis wheat peaked up about 16¢ earlier today but closed up 7¢.

The Brock Report said at midday that prices were under pressure from harvest and concerns over demand.

Live cattle are down $5.98. Lean hogs are up 20¢. Feeder cattle are down $6.65.

Crude oil is down $2.30.

S&P 500 futures are up 7 points. Dow futures are down 100 points.

Published: 2:32 p.m. CDT

Wheat on the rise at midday: 11:43 a.m. CDT

December corn is down 2¼¢.

November soybeans are down 8¢.

Wheat is in the green at midday. CBOT wheat is up 8¾¢. KC wheat is up 7¢. Minneapolis wheat is up 11½¢.

Live cattle are down $5.58. Lean hogs are up 45¢. Feeder cattle are down $4.63.

Crude oil is down $1.90.

The U.S. Dollar Index December contract is down to 105.55.

S&P 500 futures are up 16 points. Dow futures are down 7 points.

Published: 11:43 a.m. CDT

Corn down 3¢: 9:28 a.m. CDT

December corn is currently down 3¼¢.

November soybeans are down 12½¢.

CBOT wheat is flat. KC wheat is up 2¢. Minneapolis wheat is up 8¢.

"USDA will show harvest progress for corn at over 60% complete and soybeans over 70% in the report this afternoon," says Al Kluis, managing director of Kluis Commodity Advisors, referring to today's Crop Progress report. "Most of the focus now will be on weather and crop development in South America.

"I will be watching the global equity markets get hit. There is more uncertainty, since the war [in Israel] appears it could reach into Lebanon and Iran. This has the potential of getting the U.S. involved."

Live cattle are down $2.98. Lean hogs are up 65¢. Feeder cattle are down $1.93.

Crude oil is down 93¢.

S&P 500 futures are down 9 points. Dow futures are down 76 points.

Published: 9:28 a.m. CDT