Soybeans start day up 11¢. Monday, December 5, 2022
Corn is up 2¢ this morning while soybeans are up 11¢.
CBOT wheat is down a penny. KC wheat is down 2¢. Minneapolis wheat is up less than a penny.
Live cattle are down 8¢. Lean hogs are down 45¢. Feeder cattle are up $1.03.
Al Kluis with Kluis Commodity Advisors says protests in China last week resulted in some local government changes to COVID policy, meaning less lockdowns and more travel. Kluis says this was viewed as good for energy markets.
Crude oil is up currently up $2.18.
The U.S. Dollar Index is currently at 104.2.
Kluis says keep an eye on weather projections for Brazil and Argentina this week to see if the forecasted rain arrives.
The S&P 500 is down 31 points. The Dow is down 248 points.
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