Corn and wheat in the green. Tuesday, May 23, 2023

Corn is currently up 2¢.

Soybeans are down 12¢.

CBOT wheat is up 8¢. KC wheat is up 21¢. Minneapolis wheat is up 16¢.

USDA’s latest Crop Progress report confirmed corn and soybean planting are still ahead of the five-year average.

Arlan Suderman, chief commodities economist for StoneX, says this usually means more acres will be planted, particularly for corn.

Live cattle are down 5¢. Lean hogs are down 85¢. Feeder cattle are down 68¢.

Crude oil is up $1.32.

S&P 500 futures are down 11 points. Dow futures are down 69 points.

Tags: futures, сorn, live cattle, feeder cattle, lean hogs, soybeans, wheat