Corn up 3¢. Wednesday, September 13, 2023
December corn is currently up 3½¢.
November soybeans are down 7¼¢.
CBOT wheat is up 7¢. KC wheat is up 9¢. Minneapolis wheat is up 3¼¢.
“New crop corn and beans did not bounce off of yesterday’s steep downward movement as much as many had hoped for,” says Jeremy McCann, account manager with Farmer’s Keeper. “Barring any ‘black swans’ it’s likely we will see roughly the same levels come harvest contract expiration as the wetter forecast does not bring much relief to the crop in most areas. For right now we will be watching the Mississippi River levels and our export market to see if we can add some length to the market.”
Livestock are in the red this morning. Live cattle are down 20¢. Lean hogs are down 93¢. Feeder cattle are down 15¢.
Crude oil is down 10¢ this morning.
S&P 500 futures are down 5 points. Dow futures are up 3 points.
Outside of the U.S., milling wheat is up on the MATIF trade. Corn is down on the Dalian trade while soybeans are up.
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