Soybeans up 20¢; corn and wheat in the green. Tuesday, December 20, 2022
Corn is starting the day up 6¢.
Soybeans are up 20¢.
CBOT wheat is up 10¢. KC wheat is up 14¢. Minneapolis wheat is up 11¢.
Bob Linneman with Kluis Commodity Advisors says forecasts are predicting oncoming frigid winter temperatures this week combined with a lack of snow cover may kill 20%-30% of U.S. winter wheat.
Live cattle are down 63¢ this morning. Lean hogs are down $1.23. Feeder cattle are down 48¢.
Naomi Blohm with Total Farm Marketing says to expect choppy trade going into the holidays.
The U.S. Dollar Index is at 103.6. Blohm says it is down in response to Japan unexpectedly raising interest rates.
Crude oil is up 86¢.
Outside of the U.S., milling wheat is down on the European MATIF trade. Corn and soybeans are down on the Chinese Dalian trade.
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