Grains in the red; corn down 6¢. Tuesday, June 20, 2023
Corn is currently down 6¢.
Soybeans are down 16¢.
CBOT wheat is down 7¢. KC wheat is down 5¢. Minneapolis wheat is down 8¢.
“Grain and soybean futures started out higher on Monday evening, picking up where they left off on Friday on continued support from the Midwest drought, but have since turned lower under pressure from forecasts showing increased chances for significant rainfall across the Midwest next week and technically-driven speculative profit taking,” says The Brock Report. “Wheat futures have turned lower with the corn and soybean markets. Low-priced Russian exports remain a bearish wheat market factor as well.”
Live cattle are down 23¢. Lean hogs are up $1.45. Feeder cattle are up 28¢.
Crude oil is down $1.47.
S&P 500 futures are down 13 points. Dow futures are down 206 points.
Milling wheat is down on the MATIF trade.
Corn and soybeans are up on the Dalian trade.
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