Corn and soy in the red again this morning. Thursday, January 5, 2023
This morning, corn is down 2¢ while soybeans are down 7¢.
CBOT wheat is up 4¢. KC wheat is up 2¢. Minneapolis wheat is up 3¢.
Al Kluis with Kluis Commodity Advisors says March and May corn will find support between $6.44 and $6.40 ahead of the USDA World Agricultural Supply and Demand Estimates (WASDE) report next week.
Kluis also says he is paying attention to crude oil right now, which has fallen nearly $7 since Jan. 2. Currently crude oil is at $73.03. Kluis says the last time crude oil fell below $72, the U.S. government purchased fuel for the Strategic Oil Reserve and he expects more buying this week.
Live cattle are down 33¢. Lean hogs are down 70¢. Feeder cattle are down $1.03.
The S&P 500 is down 39 points. The Dow is down 381 points.
Read also
Algeria imposes a complete ban on durum wheat imports in 2025
Weather in Brazil and Argentina remains favorable for the future harvest of soybea...
Join with the EARLY RATE – 22 International Conference BLACK SEA GRAIN.EUROP...
Ukrainian flour exports are 35% behind last year’s volumes
Heavy rains will hit Malaysia’s palm oil production again in December –...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon