Grain prices higher in early trade. Friday, December 30, 2022
Grain prices are higher in early trade. Export sales were good and private trade estimates of the crop in Argentina keep moving lower.
Corn futures are 4¢ higher, soybean futures are 16 to 18¢ higher, and wheat futures are 10 to 19¢ higher. The soybean market is trading above the Tuesday high, opening the door for a test of $15.70.
The outside markets are mixed this morning with the Dow futures down over 200 points. Crude oil has reversed and is now up 60¢ per barrel while the U.S. dollar is again lower, now down 0.27 points
Livestock futures are lower this morning. Feeder cattle are down 5¢ at $183.15. Live cattle down 37¢. Lean hogs are 10¢ lower.
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