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OMAHA (DTN) -- March corn is up 3/4 cent per bushel, March soybeans are up 3 1/2 cents, March KC wheat is down 5 1/2 cents, March Chicago wheat is down 7 3/4 cents and March Minneapolis wheat is down 5 1/2 cents. The Dow Jones Industrial Average is down 384.61 points and March crude oil is up $0.17 per barrel. The U.S. Dollar Index is up 0.320 and February gold is down $6.70 per ounce. Corn and wheat have given up all of their early gains, while soybeans are headed back toward unchanged. The China corn and bean sales announced early on Wednesday is old news now, but record export demand for both corn and beans should lead to further price rationing ahead.
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Posted 10:32 -- March corn is down 1/4 cent per bushel, March soybeans are up 5 1/2 cents, March KC wheat is down 9 1/4 cents, March Chicago wheat is down 11 3/4 cents and March Minneapolis wheat is down 8 1/4 cents. The Dow Jones Industrial Average is down 335.17 points and March crude oil is up $0.47 per barrel. The U.S. Dollar Index is up 0.420 and February gold is down $3.80 per ounce. Despite China buying over 80 million bushels of U.S. corn in the past two days, corn futures are showing a bit of the "buy the rumor, sell the fact" type action, having fallen 11 cents from new contract highs. Soybeans remain higher, but also down 18 from the daily high.
Posted 08:31 -- March corn is up 11 1/4 cents per bushel, March soybeans are up 22 1/2 cents, March KC wheat is up 5 1/2 cents, March Chicago wheat is up 5 3/4 cents and March Minneapolis wheat is up 4 1/2 cents. The Dow Jones Industrial Average is down 297.35 points and March crude oil is down $0.13 per barrel. The U.S. Dollar Index is up 0.420 and February gold is down $9.20 per ounce. USDA's Foreign Agricultural Service (FAS) again announced new export sales: A sale of 680,000 mt (26.8 million bushels) of corn to China for 2020-21, 132,000 mt ( 4.85 mb) of soybeans to China for 2021-22, and 126,500 mt (4.6 mb) of soybeans to "unknown" for 2020-21. In the past two days, China has bought 80.2 million bushels of U.S. corn.
LivestockPosted 11:34 -- April live cattle are down $0.73 at $122.375, March feeder cattle are down $1.08 at $140.4, April lean hogs are down $0.45 at $76.5, March corn is up 1 cent per bushel and March soybean meal is up $0.10. The Dow Jones Industrial Average is down 342.23 points and NASDAQ is down 162.40 points. The week's support has left the livestock complex and the live cattle, feeder cattle and lean hog contracts to all trade lower. The feeder cattle contracts are lacking trader interest, but their lower trend is spurred by higher corn prices as even the corn market is trading mostly lower.
Posted 10:31 -- April live cattle are down $0.83 at $122.275, March feeder cattle are down $1.25 at $140.225, April lean hogs are up $0.23 at $77.175, March corn is up 1/4 cent per bushel and March soybean meal is down $0.50. The Dow Jones Industrial Average is down 333.09 points and NASDAQ is down 160.43 points. The Fed Cattle Exchange Auction listed a total of 1,570 head, of which 1,128 actually sold, 442 head were listed as unsold, as they did not meet the reserve prices that ranged from $112.50 to $115. Opening prices were at $111 to $112, high bids ranged from $112.75 to $113. The state-by-state breakdown looks like this: Kansas 150 total head, all of which went unsold; Texas 1,193 total head, with 901 head sold at $112.75-$113, 292 head went unsold; Oklahoma 227 total head, all of which sold at $113.
Posted 08:33 -- April live cattle are down $0.43 at $122.675, March feeder cattle are down $1.33 at $140.15, April lean hogs are up $0.33 at $77.275, March corn is up 11 cents per bushel and March soybean meal is up $6.00. The Dow Jones Industrial Average is down 334.37 points and NASDAQ is down 171.18 points. Breaking into Wednesday's trade, the feeder cattle contracts will continue to vividly watch the corn contracts and monitor their upward progression. Meanwhile, the live cattle and lean hog contracts are hopeful to continue to add to their rallies, but the live cattle contracts have been met with some opposition to start out the day. The market could see some cash cattle trade develop, but then again, with the large snow accumulation, trade could wait until Thursday.
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