Grains in the red. Monday, March 20, 2023
This morning corn is down 6¢ while soybeans are down 12¢.
CBOT wheat is down 7¢. KC and Minneapolis wheat are down 6¢.
Naomi Blohm, senior market advisor with Total Farm Marketing, says the current uncertainty around the global banking system is impacting markets, including grains.
Al Kluis, managing director of Kluis Commodity Advisors, says the cold weather pattern and large snow pack in the northern corn belt will become a positive market factor this spring as hope is gone for early planting.
Live cattle are currently down 8¢. Lean hogs are down $1.83. Feeder cattle are up 30¢.
Crude oil is down 85¢.
S&P 500 futures are up 17 points. Dow futures are up 352 points.
Outside of the U.S., milling wheat is down on the European MATIF trade. Corn is up on the Chinese Dalian trade while soybeans are down.
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