Grains start day mixed. Wednesday June 7, 2023
Corn is currently up a penny.
Soybeans are up 8¢.
CBOT wheat is down 7¢. KC wheat is down 19¢. Minneapolis wheat is down 16¢.
The Brock Report says the Midwest weather outlook continues to look better than last week, with moderate temperatures and potential rains over the next 10 days.
The next USDA World Agricultural Supply and Demand Estimates (WASDE) report is expected this Friday at 11 a.m. CDT. Grain Market Insider by Stewart-Peterson Inc. says the report is likely to reduce Argentinian corn production and possibly lower the U.S. corn yield estimate too.
Live cattle are up $1.63. Lean hogs are down 5¢. Feeder cattle are up $1.18.
Crude oil is up 81¢.
S&P 500 futures are up 6 points. Dow futures are down 26 points.
Milling wheat is down on the European MATIF trade. Corn and No. 1 soybeans are down on the Chinese Dalian trade while No. 2 soybeans are up.
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Corn prices on the western border of Ukraine rose to $234/t
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