Grains prices hit hard. Tuesday, January 10, 2023

Grain prices are getting hit hard again this morning with wheat prices moving sharply lower. Wheat prices are lower as the U.S. wheat market follows lower Russian wheat prices and India announces a record wheat crop for 2023.

South Korea bought corn, but it was from South America where it is at about 20¢ per bushel discount to the U.S. Mexico bought soybeans.

This morning, corn futures are 3¢ lower, soybean futures are 1 to 4¢ lower, and wheat futures are 9 to 20¢ lower.

The big USDA Crop reports are out Thursday.

In the outside markets: The U.S. Dollar Index is up 0.20 points at 103.21 and crude oil is up 56¢ per barrel at $75.42.

S&P futures are up 4 points at 3,917. The Dow is up 19 points at 33,684.

Livestock futures are mixed this morning. Feeder cattle and live cattle are higher with hog futures lower.

Tags: Market, live cattle, feeder cattle, corn, grain, prices, soybeans, wheat, lean hog, futures