Grains start day in the green. Wednesday, April 12, 2023
Corn is up 4¢ at market open.
Soybeans are up 1⁄4 of a penny.
CBOT wheat is up 7¢. KC wheat is up 8¢. Minneapolis wheat is up 5¢.
Live cattle are up 25¢. Lean hogs are down 15¢. Feeder cattle are up 60¢.
Crude oil is up 70¢.
S&P 500 futures are up 23 points. Dow futures are up 181 points.
Milling wheat is up on the European MATIF trade. Corn is up on the Chinese Dalian trade while soybeans are down.
Commodity Weather Group reports warmer temperatures in the Plains and far west Midwest are aiding soil temperatures this week and fieldwork is favored in the corn belt next week. However, the group expects the frequency of showers and the return of cool air will limit fieldwork for next two weeks in the northern Plains and far northwest Midwest.
The group also says showers are likely in the far northwest part of the Midwest early this weekend before scattering eastward and ending as one to three inches of snow in eastern Minnesota and western Wisconsin.
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Olive oil production in leading countries to fall to 2.65 mln tons
Ukraine expects to harvest 31.3 mln tons of corn
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