Grains end day down. Tuesday August 30, 2022

September corn ended the day slightly up from this morning but still down over all at $6.81. September soybeans popped back up above $15 but still down 24¢.

CBOT wheat ends the day down 23¢. KC wheat is up a penny. Minneapolis wheat is down 13¢.

Live cattle are up 93¢. Feeder cattle are up $2.25. Lean hogs are up $1.35.

Nick Repke with Kluis Commodities Advisors says the downturn in prices is largely connected to the decline in crude oil. Crude oil is currently down $5.31.

So far this morning September soybeans have continued to tumble down and are now below $15. September soybeans are down 43¢ to $14.92. November soybeans are down 19¢ to $14.18.

September corn has backed down from yesterday’s high and is currently down 8¢ to $6.75. December corn is down 9¢ to $6.74.

Wheat is also coming down from its high. CBOT wheat is down 14¢ to $8.05. KC wheat is down 11¢ to $9.01. Minneapolis wheat is down 23¢ to $8.94.

Live cattle are up 8¢. Feeder cattle are up $1.68. Lean hogs are up $1.60.

On the European MATIF exchange milling wheat is down today. On the Chinese Dalian trade, September corn is down and September No. 2 soybeans are down. September No. 1 soybeans are up.

Crude oil is currently trading down $4.40. The S&P 500 is down 40 points. The Dows is down 263 points. The U.S. dollar is up 12¢.

Tags: corn, soybeans, wheat, live cattle, feeder cattle, lean hogs