Corn quietly lower near market open. Monday, February 13, 2022
March corn futures are currently down 1⁄4 of a penny.
Soybeans are down 1⁄2 of a penny.
CBOT wheat is down 7¢. KC wheat is down 8¢. Minneapolis wheat is down 6¢.
Al Kluis with Kluis Commodity Advisors says trade tensions between the U.S. and China coupled with lower crude oil prices are putting downward pressure on prices.
Live cattle are up 93¢. Lean hogs are up $1.38. Feeder cattle are up $1.55.
Crude oil is down 63¢.
March S&P 500 futures are up 8 points. Dow futures are up 83 points.
Outside of the U.S., milling wheat is down on the European MATIF trade. Corn is down on the Chinese Dalian trade while No. 1 soybeans are up.
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