Soybeans open down 6¢. Friday, January 27, 2023
Grains are in the red this morning, with corn down a penny and soybeans down 6¢.
CBOT wheat is down 3¢. KC wheat is down 7¢. Minneapolis wheat is down 4¢.
Bob Linneman with Kluis Commodity Advisors says reports from Ukraine indicate grain production is going to be lower than what was expected even a month ago. He says there is also renewed concern over winter wheat in the U.S.
Live cattle are down 28¢. Lean hogs are down 68¢. Feeder cattle are up 18¢.
Crude oil is up 76¢ this morning.
S&P 500 futures are up 4 points. Dow futures are up 82 points.
Read also
Zelenskyy proposes using foreign vessels to export Ukrainian and Russian grain
India has lifted the ban on wheat exports
Tunisia has purchased 25,000 tonnes of corn through an international tender
Happy Independence Day, Ukraine!
The world’s breadbaskets are facing weather-related and logistical challenges
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon