Grain complex in the red. Thursday, January 4, 2024
March corn is currently down by less than a penny.
March soybeans are down 10¢.
CBOT and KC wheat are down 6¼¢. Minneapolis wheat is down 4¢.
“Grain futures were mixed at the close on Wednesday,” says Bob Linneman, commodities broker with Kluis Commodity Advisors. “Corn and soybean futures dipped below the Tuesday low before closing quietly higher. This could be considered a doji candle on the daily charts, which is often considered a signal for a change of momentum. A higher high and higher low today would be a good sign for the corn and soybean bulls.”
Live cattle are down 73¢. Feeder cattle are down 40¢. Lean hogs are up $1.30.
Crude oil is up 27¢.
S&P 500 futures are up 5 points. Dow futures are up 159 points.
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