Grains start day mixed. Wednesday, March 6, 2024
May corn is up 1¼¢.
May soybeans are down less than a penny.
CBOT wheat is down 3¾¢. KC and Minneapolis wheat are down 4¢.
“The grain markets closed lower on Tuesday on plunging global wheat prices, which pulled corn and soybeans lower,” said Al Kluis, managing director of Kluis Commodity Advisors earlier this morning before the 8:30 a.m. open. “Wheat is down again this morning, making new contract lows. Corn prices will struggle as U.S. and global wheat prices move lower. The corn market was steady until wheat prices fell to new contract lows.”
Live cattle are down 50¢. Feeder cattle are down 10¢. Lean hogs are down 25¢.
Crude oil is up $1.56.
S&P 500 futures are up 31 points. Dow futures are up 199 points.
Read also
Palm oil prices rise 3.5% amid stronger soybean oil market and growing stocks
World’s largest cocoa producer forecasts 21–25% decline in harvest
Argentina increases wheat exports as Brazil faces a smaller harvest
China raises soybean import estimate to 111.6 mln tons but expects lower purchases...
Ust-Luga overnight incident: Could Baltic grain exports face delays?
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon