Soybeans down 5¢. Tuesday, November 14, 2023
December corn is currently flat while January soybeans are down 5¾¢.
CBOT wheat is up 4¢. KC wheat is up 6¾¢. Minneapolis wheat is up 9¾¢.
“After surging strongly higher on Monday, corn and soybean futures were pressured by speculative profit taking overnight, but both markets trimmed their losses late in early trading finding some support from the latest U.S. Consumer Price Index data and a weaker dollar,” said The Brock Report prior to the 8:30 a.m. CST open. “Soybean market weakness has also been limited by extreme heat in Brazil’s key growing areas and by Chinese demand.”
Live cattle are up 48¢. Lean hogs are down $1.18. Feeder cattle are up 30¢.
Crude oil is up $1.13.
The U.S. Dollar Index December contract is down to 104.31.
S&P 500 futures are up 77 points. Dow futures are up 455 points.
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