Grains end the day mixed. Wednesday, January 10, 2023
March corn ended the day up slightly while March soybeans are down 12¢.
CBOT wheat is up less than a penny. KC wheat is down 2½¢. Minneapolis wheat is up 2¼¢.
Live cattle closed down 3¢. Feeder cattle are up $1.25. Lean hogs are up 20¢.
Crude oil is down 93¢.
S&P 500 futures are up 24 points. Dow futures are up 154 points.
Soybeans down 8¢: 10:41 a.m. CST
March corn is currently up by less than a penny.
March soybeans are down 8¾¢.
CBOT wheat is down 1½¢. KC wheat is down 2¾¢. Minneapolis wheat is up slightly.
“Soybeans are lower today because CONAB Brazil crop numbers are out, and the cuts are not as big as what the industry was hoping for,” says Naomi Blohm, senior market advisor for Total Farm Marketing. “Look for the USDA on Friday to follow in a similar fashion of small adjustments lower for Brazil. They will wait until February before doing a larger adjustment, if warranted.”
Live cattle are down 10¢. Feeder cattle are up 80¢. Lean hogs are down 73¢.
Crude oil is down 2¢.
The U.S. Dollar Index March contract is down to 102.17.
S&P 500 futures are up 11 points. Dow futures are up 55 points.
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