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.

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