Soybeans start day up 11¢. Tuesday, February 21, 2023
This morning corn is up 3⁄4 of a penny and soybeans are up 11¢.
CBOT wheat is down 4¢. KC wheat is up a penny. Minneapolis wheat is up 1⁄4 of a penny.
Live cattle are up 5¢. Lean hogs are up $3.75. Feeder cattle are up 25¢.
Crude oil is up 53¢.
The U.S. Dollar Index June futures are at 103.82.
S&P 500 futures are down 50 points. Dow futures are down 431 points.
Outside of the U.S., milling wheat is down on the European MATIF trade. Corn and soybeans are up on the Chinese Dalian trade.
Al Kluis with Kluis Commodity Advisors say he expects private and government estimates of South America production to move lower this week.
Commodity weather group forecasts rain in Argentina over the next two weeks will be confined to the northern quarter of corn and soybean acres while stress grows in 2⁄3 of the country.
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