Corn starts day in the green. Tuesday, June 13, 2023
Corn is currently up 4¢.
Soybeans are up 18¢.
CBOT wheat is down 2¢. KC wheat is down 6¢. Minneapolis wheat is down 3¢.
According to The Brock Report, corn and soybeans are benefitting from yesterday’s USDA Crop Progress report showing declined crop conditions and the near-term warm, dry weather forecast.
“Gains have been limited to some extent by ongoing worries about poor demand,” says The Brock Report. “Wheat futures are moderately lower under pressure from a further improvement in U.S. winter wheat crop ratings, rising harvest activity, and poor export demand for U.S. wheat, with losses limited by a decline in U.S. spring wheat conditions.”
Live cattle are down 35¢. Lean hogs are up 25¢. Feeder cattle are down 35¢.
Crude oil is up $2.33.
S&P 500 futures are up 27 points. Dow futures are up 217 points.
Outside of the U.S., milling wheat is down on the MATIF trade. Corn and No. 1 soybeans are down on the Dalian trade while No. 2 soybeans are up.
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