Grains close in the green | Tuesday, December 5, 2023

March corn ended the day up 4¾¢.

January soybeans are up 2¼¢.

CBOT wheat is up 9½¢. KC wheat is up 3¼¢. Minneapolis wheat is up 2¾¢.

"The cumulative rainfall for the drier areas of Brazil may be disappointing over the next few days, but longer-range forecasts continue to show improving conditions by mid-month," said the Grain Market Insider newsletter by Stewart-Peterson Inc. at midday. "With South American weather still one of the dominant fundamental factors right now, this could continue to weigh on futures prices."

Livestock are still mixed. Live cattle are up $1.55. Lean hogs are down $1.40. Feeder cattle are up $3.78.

Crude oil is down 72¢.

S&P 500 futures are down 6 points. Dow futures are down 95 points.

Published: 2 p.m. CST

Soybeans in the red at midday: 12:17 p.m. CST

At midday March corn is up 1¾¢.

January soybeans are down 10½¢.

CBOT wheat is up up 6¾¢. KC wheat is up 4¢. Minneapolis wheat is up less than a penny.

Live cattle are up $2.25. Lean hogs are down $1.15. Feeder cattle are up $4.88.

Crude oil is down 19¢.

The U.S. Dollar Index March contract is up to 103.57.

S&P 500 futures are down 6 points. Dow futures are down 103 points.

Published: 12:17 p.m. CST

Grains kick of day in the green: 9:29 a.m. CST

March corn is currently up 4¼¢.

January soybeans are up 3¾¢.

CBOT wheat is up 12½¢. KC wheat is up 8½¢. Minneapolis wheat is up 7¢.

This morning USDA announced China is buying 198,000 metric tons of soft red winter wheat for delivery during the 2023/2024 marketing year. This is the second day in a row a Chinese purchase of U.S. wheat was announced.

Naomi Blohm, senior market advisor for Total Farm Marketing, says China's buying may even have an impact on this week's World Agricultural Supply and Demand Estimates (WASDE) report.

"There is a monthly USDA WASDE report on Friday," she says. "Trade will be looking for any increases in corn demand for ethanol and potentially an uptick in wheat export demand thanks to yesterday's big purchase from China."

Livestock are mixed this morning. Live cattle are up 53¢. Lean hogs are down $1.35. Feeder cattle are up $2.23.

Crude oil is up 79¢.

S&P 500 futures are down 7 points. Dow futures are down 191 points.

Published: 9:29 a.m. CST