Corn 2¢ lower, soybeans also down. Thursday, February 23, 2023
Grain prices traded higher right after the 8:30 open but are now mostly lower. The stock market and crude oil markets are higher. We will get the Energy Information Agency (EIA) reports later today and export sales tomorrow.
At this time in grain markets corn futures are 2¢ lower, soybean futures are 2 to 5¢ lower and wheat futures are mixed – mostly lower. KC wheat which has been trading at a large premium to the CBOT wheat is getting hit the hardest.
The weather in Argentina will move back into focus later today and tomorrow and it is still dry.
In the outside markets this morning with the Dow futures up 136 points. Crude oil is up $1.70 per barrel while RBOB gasoline futures and diesel futures are up 2¢ per gallon.
Livestock futures are mixed this morning. March Feeder cattle are and live cattle futures are higher, with hogs lower.
Read also
The Counterparty Is Trying to Avoid Fulfilling the Contract. What Should You Do?
Russia’s lurking grain industry crisis
China extends Canadian canola probe until March 2026
US agricultural sales to increase by $8 bln following agreement with Japan
China’s soybean stocks hit record high amid trade war with US
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon