Soybeans up 15¢ this morning. Tuesday, June 18, 2024

July corn is up 4½¢ this morning.

July soybeans are up 15¼¢.

CBOT wheat is down 6½¢. KC wheat is down 2¢. Minneapolis wheat is down 4¢.

“The grains are in various states of flux this morning, following up sharp losses yesterday; corn was aided by yesterday afternoon’s ratings decline and does at least have a bit of fundamental momentum to buy dips,” said Arlan Suderman, chief commodities economist for StoneX, this morning near the end of the overnight session.

“Not so for soybeans, which are facing higher on an equal ratings decline but not before posting new move lows. Meanwhile, the weekly report was bearish across the board for wheat, with the spring ratings up sharply and the winter harvest advancing nicely and clearly finding better yields along the way. Condition ratings of all U.S. crops remain in strong shape, but the corn and soybean losses this week were driven chiefly by key production state Illinois (-9% good/excellent for corn, -8% good/excellent for soybeans).”

August live cattle are down 13¢. August feeder cattle are down 25¢. July lean hogs are down 78¢.

July crude oil is up 93¢.

The U.S. Dollar Index September contract is down to 104.80.

September S&P 500 futures are up 9 points. September Dow futures are up 13 points.

Tags: wheat, futures, live cattle, feeder cattle, lean hogs, corn, soybeans