Grains close down. Thursday, September 15, 2022

Source:  Successful Farming

Corn ended the day down 6¢. Soybeans are down 4¢.

CBOT wheat is down 28¢. KC wheat is down 22¢. Minneapolis is down 9¢.

Livestock are still mixed. Live cattle are up $1.28. Feeder cattle are down 50¢. Lean hogs are up $1.35.

Crude oil is currently down $3.36. The U.S. Dollar is up 2¢.

Corn, soybeans, and wheat have all reversed course from where they were this morning.

Corn is now down 2¢ and soybeans are up 3¢.

CBOT wheat is now down 19¢. KC wheat is down 18¢. Minneapolis wheat is down 8¢.

Live cattle are up $1.03. Feeder cattle are down 85¢. Lean hogs are up $1.73.

Crude oil is down $3.31. The U.S. dollar is up 10¢.

The S&P 500 is down 39 points. The Dow is down 152 points.

To start the day, corn is up 3¢ to $6.85. Soybeans are down 3¢ to $14.52.

Wheat prices are up this morning. CBOT is up 2¢. KC wheat is up 4¢. Minneapolis wheat is up 9¢.

After several weeks of waiting, USDA finally released export tracking numbers.

Soybean exports for the period ending August 31 of 424,100 MT brought accumulated exports to 57,188,800 MT, down 6 percent from the prior year’s total of 60,570,500 MT.

Corn exports for the period ending August 31 of 1,014,800 MT brought accumulated exports to 59,763,700 MT, down 11 percent from the prior year’s total of 66,957,900 MT.

China was the biggest buyer of both corn and soybeans.

Naomi Blohm with Total Farm Marketing says she doesn’t expect the news to sway prices significantly one way or the other.

Bob Linneman with Kluis Commodity Advisors says South America’s aggressive marketing approach to secure soybean and corn export sales is impacting U.S. soybean sales at the U.S. ports, resulting in falling premiums the last two days.

Livestock prices are mixed. Lean hogs are up $1.43. Feeder cattle are down 40¢. Live cattle are up 90¢.

The U.S. dollar is down 4¢. Crude oil is down $2.78.

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