Markets Corn closes up 2¢ | Friday, October 27, 2023 Wheat pressured by Black Sea export corridor reopening, analyst says. By Cassidy Walter Cassidy Walter Cassidy Walter joined Successful Farming in 2022 to cover commodity markets and agribusiness. Previously, she spent more than five years as the Communications Director for the Iowa Renewable Fuels Association, where her work supported Iowa biofuels producers and farmers. Successful Farming's Editorial Guidelines Updated on October 27, 2023 Close December corn ended the day up 2¼¢ at $4.81½ a bushel, down nearly 15¢ week-over-week. November soybeans are up 15½¢ at $12.95 a bushel, down about 7¢ week-over-week. CBOT wheat is down 3¾¢. KC wheat is down 11½¢. Minneapolis wheat is down 4½¢. Live cattle are up $2.58. Lean hogs are up $1.80. Feeder cattle are up 13¢. Crude oil is up $1.85. S&P 500 futures are down 28 points. Dow futures are down 415 points. Published: 3:03 p.m. CDT Soybeans up 21¢ at midday: 11:36 a.m. CDT December corn is currently up 1¼¢. November soybeans are up 21½¢. CBOT wheat is down 7¢. KC wheat is down 13½¢. Minneapolis wheat is down 6¼¢. Live cattle are up $3.38. Lean hogs are up $1.20. Feeder cattle are up $1.35. Crude oil is up 68¢. The U.S. Dollar Index December contract is down to 106.24. S&P 500 futures are up one point. Dow futures are down 175 points. Published: 11:36 a.m. CDT Corn up 4¢ this morning: 9:40 a.m. CDT December corn is currently up 4¢. November soybeans are up 17½¢. CBOT wheat is down less than a penny. KC wheat is down 6¢. Minneapolis wheat is also down less than a penny. The Brock Report covering the early morning trade explained that wheat was under pressure from the Black Sea "humanitarian" export corridor reopening. The Brock Report also noted the Personal Consumption Expenditures Index released this morning was up month-over-month. "The monthly Personal Consumption Expenditures Index, which is watched closely by the [U.S. Federal Reserve] as a gauge of inflation, indicates the [Federal Reserve] may be cautious in lowering interest rates as the summer slowdown in inflation has stopped," the newsletter said. "The index was up 0.4% in September from the prior month, which was steady with the August increase. But the “core” index, which excludes volatile food and energy prices, was up 0.3%, versus a gain of just 0.1% the prior month." Live cattle are up 3¢ this morning. Lean hogs are up 35¢. Feeder cattle are down $1.03. Crude oil is up 50¢. S&P 500 futures are up 5 points. Dow futures are down 95 points. Published: 9:40 a.m. CDT Was this page helpful? Thanks for your feedback! Tell us why! Other Submit