Grain prices start week in the red. Tuesday, January 3, 2023
Corn is currently down a penny to $6.77.
Soybeans are down slightly to $15.24.
CBOT wheat is down 4¢. KC wheat is down 2¢. Minneapolis wheat is down 6¢.
Naomi Blohm with Total Farm Marketing says grain prices tend to have a price peak sometime between mid-January and mid-February.
She says a lot will depend on the January USDA World Agricultural Supply and Demand Estimates (WASDE) report and South American weather.
Live cattle are up 10¢. Lean hogs are down 63¢. Feeder cattle are down 43¢.
Crude oil is down $1.40.
Wheat is down the European MATIF trade. On the Chinese Dalian trade, corn is up and No. 1 soybeans are down.
The S&P 500 is up 31 points. The Dow is up 154 points.
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