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OMAHA (DTN) -- December corn is down 1/2 cent per bushel, January soybeans are up 3 3/4 cents per bushel. December KC wheat is down 6 1/2 cents per bushel, December Chicago wheat is down 3 cents per bushel and December Minneapolis wheat is down 6 1/4 cents. The Dow Jones Industrial Average is down 270.94 points at 41,870.60. The U.S. Dollar Index is up 0.110 at 104.10. December crude oil is up $0.45 per barrel at $69.06. Ahead of Thursday's close, wheat continues to trade lower on expectations for needed rain to fall on winter wheat areas. Corn is little changed and continues to trade mostly sideways. Soybean oil strength is dragging beans higher. Rumors are that Algeria bought roughly 500,000 mt of optional wheat on their tender.
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Posted 10:35 -- December corn is down 1 1/4 cents per bushel, January soybeans are up 4 1/4 cents per bushel. December KC wheat is down 8 3/4 cents per bushel, December Chicago wheat is down 6 cents per bushel and December Minneapolis wheat is down 7 cents. The Dow Jones Industrial Average is down 355.40 points at 41,786.14. The U.S. Dollar Index is up 0.090 at 104.09. December crude oil is up $1.05 per barrel at $69.66. At mid-morning once again it is soybeans and bean oil that are firm on tightening world veg oil supplies and some positive technical in beans. Wheat is under heavy pressure on the prospect for much-needed rain to fall in both hard winter and soft winter wheat areas. Corn is down a penny in lackluster trade.
Posted 08:42 -- December corn is down 1/4 cent per bushel, January soybeans are up 4 3/4 cents per bushel. December KC wheat is down 9 1/2 cents per bushel, December Chicago wheat is down 8 3/4 cents per bushel and December Minneapolis wheat is down 6 1/2 cents. The Dow Jones Industrial Average is down 247.22 points at 41,894.32. The U.S. Dollar Index is down 0.140 at 103.86. December crude oil is up $0.75 per barrel at $69.36. Wheat is under heavy pressure fueled by incoming rain while corn is little changed and soybeans and bean oil are once again moving higher on very strong world veg oil prices. A new sale of 150,000 mt of soybean meal was announced sold to unknown.
LivestockPosted 11:41 -- December live cattle are up $0.03 at $186.45, January feeder cattle are down $1.28 at $240.7, December lean hogs are down $0.23 at $84.15, December corn is down 1 1/4 cents per bushel and December soybean meal is down $2.30. The Dow Jones Industrial Average is down 281.82 points. The livestock complex is trading fully lower into Thursday's noon hour as support for the market is simply not coming to fruition from a technical or fundamental sense. No new cash cattle sales have been reported at this point.
Posted 08:40 -- December live cattle are down $0.15 at $186.275, January feeder cattle are up $0.13 at $242.1, December lean hogs are up $0.03 at $84.4, December corn is up 1/4 cent per bushel and December soybean meal is up $0.80. The Dow Jones Industrial Average is down 198.42 points. Beef net sales of 13,900 mt for 2024 were down 17% from the previous week and from the prior 4-week average. The three largest increases were from South Korea (4,900 mt), China (3,200 mt) and Japan (2,500 mt). Pork net sales of 44,800 mt for 2024 were up noticeably from the previous week and up 16% from the prior 4-week average. The three largest buyers were Mexico (17,700 mt), China (10,400 mt) and Japan (4,800 mt).
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