Wheat making gains. Wednesday, April 3, 2024
May corn is up 1¼¢ this morning.
May soybeans are down 2¾¢.
CBOT wheat is up 7¢. KC wheat is up 8½¢. Minneapolis wheat is up 9¢.
“I am watching the very wet forecasts for the Delta and Ohio Valley,” says Al Kluis, managing director of Kluis Commodity Advisors. “It is too early to be concerned about delayed planting, but the trend is a concern if this area stays wet another two weeks. Watch the corn planting progress report next Monday.”
Live cattle are down $1.95. Feeder cattle are down $2.08. Lean hogs are up $1.33.
Crude oil is up 72¢.
S&P 500 futures are up 14 points. Dow futures are up 82 points.
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