Soybeans close up 33¢ | Monday, December 11, 2023

March corn closed down 3½¢.

January soybeans are up 33¾¢.

CBOT wheat is down 22¾¢. KC wheat is down 28¢. Minneapolis wheat is down 17¾¢.

At midday Grain Market Insider newsletter by Stewart-Peterson Inc., said corn was lower today in response to Friday's World Agricultural Supply and Demand Estimates (WASDE) report, "which revealed essentially no changes to corn production or outlook."

"USDA increased corn exports slightly in the report by 25 million bushels as demand has picked up, but the large ending stocks number of 2.13 billion bushels continues to pressure futures," said the newsletter.

Live cattle are up $2.38. Lean hogs are down $1.58. Feeder cattle are up $2.60.

Crude oil is up 11¢.

S&P 500 futures are up 13 points. Dow futures are up 110 points.

Published: 2:20 p.m. CST

Soybeans up 24¢ at midday: 11:08 a.m. CST

March corn is down 3¼¢ at midday.

January soybeans are up 24¼¢.

CBOT wheat is down 18¼¢. KC wheat is down 24½¢. Minneapolis wheat is down 12¼¢.

Livestock are mixed. Live cattle are up 53¢. Lean hogs are down $1.48. Feeder cattle are down 60¢.

Crude oil is up 5¢.

The U.S. Dollar Index March contract is up to 103.83.

S&P 500 futures are up 2 points. Dow futures are up 93 points.

Published: 11:08 a.m. CST

Soybeans up 18¢: 9:15 a.m. CST

March corn is currently up slightly.

January soybeans are up 18¢.

CBOT wheat is down 8¼¢. KC wheat is down 18¼¢. Minneapolis wheat is down 5½¢.

"Soybean futures rallied overnight on apparent support from some renewed concerns about Brazilian crop weather following somewhat disappointing weekend rainfall," says The Brock Report. "Prospects for Argentina's new president to announce major devaluation of the peso may also be spurring short covering. Corn futures edged lower in early trade under pressure from large U.S. supplies and wheat market weakness. Wheat futures were pressured by technically-driven long liquidation, forecasts for needed rains in U.S. hard red winter wheat areas and continued export competition from large Black Sea region wheat supplies."

This morning USDA announced the sale of 132,000 metric tons of soybeans to unknown destinations for the 2023/2024 marketing year.

Live cattle are down 20¢. Lean hogs are up $1.18. Feeder cattle are down 88¢.

Crude oil is up 13¢.

S&P 500 futures are up 2 points. Dow futures are up 36 points.

Published: 9:15 a.m. CST