Corn closes down 14¢ | Tuesday, August 15, 2023

December corn ended the day down 14¢ to $4.73¾ a bushel.

November soybean closed down 21½¢.

CBOT wheat is down 17¾¢. KC wheat is down 13¢. Minneapolis wheat is down 19¢.

Bryant Sanderson, commodity broker with CHS Hedging, says outside markets pressured commodities today, including energy markets being lower and the Dow being down significantly. He says today December corn traded at its lowest level since October 2021 and the next level of support is at $4.60½.

October livestock closed in the red. Live cattle are down 60¢. Lean hogs are down 95¢. Feeder cattle are down 43¢.

Crude oil is down $1.51.

S&P 500 futures are down 56 points. Dow futures are down 393 points.

Published: 2:56 p.m. CDT

Corn sinks below $4.80: 11:38 a.m. CDT

December corn is currently down 10¢ to $4.78 a bushel.

November soybeans are down 18¢.

CBOT wheat is down 19¢. KC wheat is down 13¢. Minneapolis wheat is down 13¢.

October live cattle are down 30¢. October lean hogs are down 38¢. October feeder cattle are up 23¢.

Crude oil is down $2.05.

The U.S. Dollar Index September contract is down to 102.91.

S&P 500 futures are down 35 points. Dow futures are down 297 points.

Published: 11:38 a.m. CDT

Corn down 5¢: 9:29 a.m. CDT

December corn is currently down 5¢.

November soybeans are down 3¢.

CBOT wheat is down 12¢. KC wheat is down 4¢. Minneapolis wheat is down 6¢.

Naomi Blohm, senior market advisor for Total Farm Marketing, says grains are under pressure from improved weekly Crop Progress report ratings and outside markets.

Yesterday the USDA Crop Progress report increased the good/excellent rating for corn by 2%, soybeans by 5%, and spring wheat by 1%.

October livestock are mixed this morning. Live cattle are down 50¢. Lean hogs are up 50¢. Feeder cattle are down 85¢.

Crude oil is down $1.87.

S&P 500 futures are down 41 points. Dow futures are down 319 points.

Published: 9:29 a.m. CDT