I guess there’s a reason they call it “Turnaround Tuesday.” After being down yesterday, corn, soy, and wheat all closed in the green.
March corn is up 7½¢.
March soybeans are up 24½¢.
CBOT wheat is up 12¢. KC wheat is up 12½¢. Minneapolis what is up 6½¢.
At midday The Brock Report said grains and oilseeds were “rebounding amid short-covering and bargain-hunting, with underlying support from concerns over heat and dryness in Argentina.”
Live cattle are up 65¢. Feeder cattle are up $2.70. Lean hogs are up 58¢.
Crude oil is up $1.12.
S&P 500 futures are down 3 points. Dow futures are up 120 points.
Published: 2:30 p.m. CST
Soybeans up 20¢ at midday: 11:30 a.m. CST
March corn is up 6½¢.
March soybeans are up 20¢.
CBOT wheat is up 8¾¢. KC wheat is up 10¾¢. Minneapolis wheat is up 4¾¢.
Livestock are in the green at midday. Live cattle are up 23¢. Feeder cattle are up $2.08. Lean hogs are up 93¢.
Crude oil is up $1.20.
The U.S. Dollar Index March contract is down to 103.27.
S&P 500 futures are down 4 points. Dow futures are up 33 points.
Published: 11:30 a.m. CST
Grains in the green this morning: 9:55 a.m. CST
March corn is currently up 4¢.
March soybeans are up 9¾¢.
“The weakness in the soybean market late last week and to start this week could be tied to this rumor: up to three cargoes of Brazilian soybeans were sold to a U.S. crusher on the east coast,” says Bob Linneman, commodity broker with Kluis Commodity Advisors. “The big discount of Brazilian soybeans to the CBOT board prices is most likely due to the large crop currently being harvested.”
CBOT wheat is up 4½¢. KC wheat is up 7¾¢. Minneapolis wheat is up 1¾¢.
Live cattle are down 8¢. Feeder cattle are up $2.15. Lean hogs are up 43¢.
Crude oil is up 36¢.
S&P 500 futures are down 7 points. Dow futures are down 78 points.
Published: 9:55 a.m. CST
Read More: Soybeans close up nearly 25¢