OMAHA (DTN) -- December corn is up 5 1/2 cents per bushel, November soybeans are up 5 3/4 cents per bushel. December KC wheat is down 2 3/4 cents per bushel, December Chicago wheat is up 4 1/2 cents per bushel and December Minneapolis wheat is up 1/2 cent. The Dow Jones Industrial Average is up 178.73 points at 34,696.46 and the U.S. Dollar Index is down 0.400 at 104.76 and November crude oil is down $0.08 per barrel at $90.40. Most grain and soy markets are higher except KC wheat and bean oil. Funds have bought close to 5,000 meal contracts, while selling nearly 4,000 bean oil. Corn negated the downside weakness, moving back up into the month-long sideways range. Egypt's wheat tender found its cheapest offers from Bulgaria, Romania and France; Russian offers were higher.
Posted 10:35 -- At midmorning Wednesday, row crops are a little higher, but wheat has lost its earlier gains. December corn is up 2 1/2 cents, even after the Energy Department said ethanol production fell from 1.039 million barrels per day (bpd) to 980,000 bpd last week, the lowest output since May. November soybeans are up 3 1/2 cents with support from a $7.20 gain in October soybean meal. December KC wheat is down 6 1/4 cents and December Minneapolis wheat is down 3 1/4 cents. November crude oil is up $0.08 and Dow Jones futures are up 170 points ahead of the Fed's rate announcement at 1 p.m. The U.S. Dollar Index is down 0.34 and December gold is up $11.50.
Posted 08:36 -- December corn is up 3/4 cent per bushel, November soybeans are down 1 cent per bushel. December KC wheat is up 7 1/2 cents per bushel, December Chicago wheat is up 7 3/4 cents per bushel and December Minneapolis wheat is up 5 1/2 cents. The Dow Jones Industrial Average is up 79.14 points at 34,596.87 and The U.S. Dollar Index is down 0.210 at 104.94 and November crude oil is down $0.88 per barrel at $89.60. USDA announced a new sale of soybeans for 2023-24 -- 120,000 mt (4.4 mb) to unknown destinations. Wheat, corn and soy are mixed to mostly higher in very quiet early trade. The Federal Reserve will make a rate decision Wednesday afternoon, with most expecting them to pause the hikes.Livestock
Posted 11:37 -- December live cattle are up $0.48 at $190.95, October feeder cattle are up $0.98 at $260.325, December lean hogs are up $0.83 at $77.075, December corn is up 2 3/4 cents per bushel and December soybean meal is up $7.10. The Dow Jones Industrial Average is up 212.96 points. Asking prices in the South are noted at $185 to $186, but are still unestablished in the North. Moderate interest could begin to develop this afternoon, but it's likely trade is still delayed until Thursday, if not even Friday.
Posted 8:37 -- December live cattle are down $0.13 at $190.35, October feeder cattle are up $0.50 at $259.85, December lean hogs are up $0.10 at $76.35, December corn is up 3/4 cent per bushel and December soybean meal is up $3.10. The Dow Jones Industrial Average is up 82.07 points. Both the lean hog and feeder cattle markets are seeing mild interest while the live cattle complex continues to trade lower. Still no cash cattle trade has developed and bids are still elusive.
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