Corn closes below $5 | Friday, October 20, 2023

It looks like December corn's time above $5 was short lived this week. Today corn closed down 9½¢ at $4.95½.

November soybeans are down 13¼¢.

Wheat was up earlier in the day but also closed in the red. CBOT wheat is down 9¾¢. KC and Minneapolis wheat are down 8¼¢.

Live cattle are down 53¢. Lean hogs are down $1.98. Feeder cattle are down $1.73.

Crude oil is down 35¢.

S&P 500 futures are down 46 points. Dow futures are down 247 points.

Published: 2:29 p.m. CDT

Soybeans down 8¢ at midday: 11:19 a.m. CDT

December corn is down 1¼¢ at midday while November soybeans are down 8¢.

Wheat is still in the green. CBOT wheat is up 6¾¢. KC wheat is up 8½¢. Minneapolis wheat is up 3¾¢.

Livestock are in the red. Live cattle are down 25¢. Lean hogs are down $2.28. Feeder cattle are down $1.70.

Crude oil is up 79¢.

The U.S. Dollar Index December contract is up to 106.05.

S&P 500 futures are down 39 points. Dow futures are down 164 points.

Published: 11:19 a.m. CDT

Corn starts day down a penny: 9:08 a.m. CDT

December corn is currently down 1¾¢.

November soybeans are down 10½¢.

CBOT wheat is up 2¾¢. KC wheat is up 3½¢. Minneapolis wheat is up 1¼¢.

"Corn closed above $5 on the December contract for the first time in just under two months yesterday," ays Jeremy McCann, account manager at Farmer's Keeper. "Export data released yesterday suggests we have already surpassed the USDA's export expectations for the month of October through only two weeks. This was big news but technical buying is what really drove the sharp gains.

"Looking ahead there are virtually no resistance levels in sight and a 'gap' established over the last weekend of July (28-31). As many say, 'gaps get filled,' and that could be the case in the near future. That being said, gaining over 25¢ on the December contract over the next month and half would be a tall order and likely would require more than just technical buying."

Live cattle are up 55¢. Lean hogs are down $1.45. Feeder cattle are up 88¢.

Crude oil is up 71¢.

S&P 500 futures are down 11 points. Dow futures are down 52 points.

Milling wheat is up on the European MATIF trade. Corn is down and soybeans are mixed on the Chinese Dalian exchange.

Published: 9:08 a.m. CDT