Markets Corn closes down 4th day in a row | Wednesday, October 25, 2023 Wheat and soybeans also close in the red. 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 25, 2023 Close As Grain Market Insider mentioned was possible at midday, corn closed lower for the fourth day in a row. December corn closed down 3½¢. November soybeans are down 7¢. CBOT wheat is down 12¼¢. KC wheat is down 13¾¢. Minneapolis wheat is down 7½¢. Live cattle are up 63¢. Lean hogs are up $1.05. Feeder cattle are up $2.60. Crude oil is up $1.53. S&P 500 futures are down 60 points. Dow futures are down 92 points. Published: 3:01 p.m. CDT Corn down 4¢ at midday: 11:48 a.m. CDT December corn is down 4¼¢ at midday. November soybeans are down 8¼¢. CBOT wheat is down 9¾¢. KC wheat is down 13¾¢. Minneapolis wheat is down 6½¢. "With corn trading lower this morning, a close in negative territory this afternoon would be the fourth in a row," says Grain Market Insider newsletter by Stewart-Peterson Inc. "There has been little fresh news over the past few days to push the market higher, and crude oil slipping does not help the situation." Crude oil was down earlier this morning but is currently up 56¢. Live cattle are up $1.18. Lean hogs are up $1.25. Feeder cattle are up $2.73. The U.S. Dollar Index December contract is up to 106.19. S&P 500 futures are down 42 points. Dow futures are down 11 points. Published: 11:48 a.m. CDT Grains start day in the red: 9:20 a.m. CDT December corn is currently down 1¼¢. November soybeans are down 9½¢. CBOT wheat is down 5¼¢. KC wheat is down 7¾¢. Minneapolis wheat is down 3½¢. This morning USDA announced China is purchasing 126,000 metric tons of soybeans, to be delivered during the 2023/2024 marketing year. This is one day after it was announced China signed a "framework deal" to purchase U.S. goods. Arlan Suderman, chief commodities economist for StoneX, describes the deal as "non-binding and lacking in specifics – largely ceremonial in nature." "One could say that the deal is similar to some of the deals signed at last week’s Brick and Road Initiative conference in China, which many observers believe were designed to create headlines, with questionable follow-through," he says. Live cattle are up 15¢ this morning. Lean hogs are up 25¢. Feeder cattle are up $1.30. Crude oil is down 20¢. S&P 500 futures are down 45 points. Dow futures are down 144 points. Published: 9:20 a.m. CDT Was this page helpful? Thanks for your feedback! Tell us why! Other Submit