Corn up 6¢ this morning. Friday, January 6, 2023
March corn is up 6¢ and soybeans have shot up 20¢.
CBOT wheat is up 6¢. KC wheat is up 3¢. Minneapolis wheat is up 4¢.
Nick Tsiolis, founder of Farmer’s Keeper, says grains are up in response to a drier forecast for South America.
Live cattle are down 5¢. Lean hogs are down 58¢. Feeder cattle are down 25¢.
The U.S. Dollar Index is at 104.9. Bob Linneman with Kluis Commodity Advisors says if the dollar can close over the 50-day moving average, which is 106.07 currently, there should be momentum for a continued rally.
Linneman also says with the U.S. jobs report coming out this morning to expect a volatile day for outside markets.
The S&P 500 is currently up 8 points. The Dow is up 127 points.
Read also
China’s soybean stockpiles continue to rise
Delayed corn harvest in Ukraine will contribute to price increases at the start of...
China slaughtered 183 mln pigs in the first half of the year, driving down prices
Grain & Oilseed Quality 2025: From Weather Risk to Margin
Sunflower oil prices in Ukraine reach five-month high
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon