Soybeans open above $15. Tuesday, December 27, 2022
This morning March soybeans are up 27¢ to $15.12. Corn is up 3¢ to $6.69.
CBOT wheat is down 4¢. KC wheat is down 4¢. Minneapolis wheat is down 2¢.
Live cattle are up 3¢. Lean hogs are up $1.53. Feeder cattle are down 28¢.
Nick Tsiolis, founder of Farmer’s Keeper, says soybeans are up on news of a disappointing rain forecast in Argentina. Naomi Blohm with Total Farm Marketing says Argentina will see more regular rainfall starting at the end of January through March as La Nina wanes.
USDA announced this morning that 177,500 tons of corn were bought by Japan.
The S&P 500 is down 26 points. The Dow is down 84 points.
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Extreme heat in France has caused a loss of around 30% of the corn crop
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