Market Update: Grain and Livestock Trends as of 9 a.m. CT

As of 9 a.m. CT, the agricultural commodity markets are displaying mixed movements in grain and livestock futures. Here’s a look at the latest trends:

Grain Markets Overview

December corn saw an uptick, rising 4¼¢ to reach $4.34½ per bushel. In contrast, January soybeans experienced a significant increase, climbing 20½¢ to $11.45 per bushel. Meanwhile, wheat markets also reported gains:

• March CBOT wheat rose 13¼¢ to $5.54¾ per bushel.
• March KC wheat increased by 12¼¢ to $5.43¼ per bushel.
• March Minneapolis wheat was up 5½¢, reaching $5.81¾.

Livestock Futures Movement

In livestock trading, January feeder cattle are performing well, up by $2.90 at $322.48 per hundredweight (cwt). However, December live cattle decreased slightly, down 8¢ to $221.28 per cwt. On a more positive note, December lean hogs gained $1.83, currently priced at $81.23 per cwt.

Market Influences

According to The Brock Report, grain and soybean futures have rebounded somewhat following a sell-off last Friday. The recovery in soybeans appears to be driven by renewed optimism for Chinese purchases of U.S. soybeans, following discussions between President Trump and Beijing. Additionally, erratic rainfall patterns in Brazil may also be influencing soybean prices. Corn futures have mirrored soybeans’ rise, although gains are restricted due to ample U.S. supplies. Wheat futures experienced a moderate recovery, buoyed by speculative bargain hunting.

Oil and Economic Indicators

In related markets, January crude oil is showing a slight decline, down 3¢ at $59.92 per barrel. The U.S. Dollar Index is experiencing an upward trend, currently at 99.42. Stock indices are also reflecting mixed results, with the S&P 500 Index up by 18.60 points, while the Dow Jones Industrial Average is down by 5.11 points.

Stay tuned for further updates on the market conditions and their implications for agriculture and livestock producers.

Published: 9:34 a.m. CT

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