Posted 10:33 — In Friday’s midmorning commerce, March corn is up 2 1/4 cents and March soybeans are down 3/4 cents, with soymeal futures buying and selling larger and soybean oil futures decrease. March KC wheat is up 7 cents, March Chicago wheat is down 1 cent and March Minneapolis wheat is up 3 3/4 cents. March crude oil is down $0.71 and the Dow Jones is down 3.64 factors. The U.S. Dollar Index is up 0.178 and April gold is up $0.40/ounce. Weather is seen as a impartial issue for the grain markets on Friday, with a spotlight on rainfall forecast for Argentina and the polar vortex pushing arctic temperatures into the Central and Southern Plains. In front-end commerce, solely soybean futures have traded above Thursday’s excessive, whereas grain futures stay poised to shut larger over the course of the week’s commerce.
Posted 08:34 — After Friday’s 8:30 a.m. CST open, grains that have been quietly blended earlier at the moment are buying and selling decrease. March corn is down 2 cents and March soybeans are down 7 1/2 cents. Scattered snows are falling over Iowa and Wisconsin Friday morning, however the extra important precipitation the subsequent seven days shall be alongside the southeastern Gulf states, serving to barge motion on the decrease Mississippi River. March KC wheat is down 4 cents and March Minneapolis wheat is down 3 3/4 cents. March crude oil is up $0.99 and Dow Jones futures are down 29 factors. The U.S. Dollar Index is up 0.29 and April gold is down $3.30. The index of private consumption expenditures was up 0.1% in December and up 5.0% from a yr in the past, the lowest annual fee since September 2021, however nonetheless effectively above the Fed’s 2% goal.
OMAHA (DTN) — April stay cattle are up $0.23 at $160.75, March feeder cattle are up $0.15 at $183., April lean hogs are down $0.45 at $86.55, March corn is down 3/4 cent per bushel and March soybean meal is down $2.70. The Dow Jones Industrial Average is up 95.33 factors. The money cattle market has but to commerce in the South as the standoff between packers and feedlots intensifies. Bids of $153 and $154 are being provided, however that is a great distance away from feedlots desired asking worth of $157-plus.
Posted 08:33 — April stay cattle are up $0.05 at $160.575, March feeder cattle are up $0.20 at $183.05, April lean hogs are down $0.10 at $86.9, March corn is down 1 3/4 cents per bushel and March soybean meal is down $4.10. The Dow Jones Industrial Average is down 31.57 factors. The money cattle market remains to be ready for the South to commerce cattle as packers and feedlots have been in a standoff. Asking costs stay at $157 agency in the South, and $250-plus in the North. More commerce ought to develop all through the day.
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