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.
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