Grains in the green this morning. Tuesday, January 30, 2024
March corn is currently up 4¢.
March soybeans are up 9¾¢.
“The weakness in the soybean market late last week and to start this week could be tied to this rumor: up to three cargoes of Brazilian soybeans were sold to a U.S. crusher on the east coast,” says Bob Linneman, commodity broker with Kluis Commodity Advisors. “The big discount of Brazilian soybeans to the CBOT board prices is most likely due to the large crop currently being harvested.”
CBOT wheat is up 4½¢. KC wheat is up 7¾¢. Minneapolis wheat is up 1¾¢.
Live cattle are down 8¢. Feeder cattle are up $2.15. Lean hogs are up 43¢.
Crude oil is up 36¢.
S&P 500 futures are down 7 points. Dow futures are down 78 points.
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