Current Prices

As of 9:30 a.m. CT, March corn futures have experienced a minor increase of 5¢, now trading at $4.43¼ per bushel. Meanwhile, January soybeans are also up by 2½¢, reaching $11.27¼ per bushel.

Market Sentiment

“The market is now in full holiday mode, which has influenced overnight trading patterns,” remarked Karl Setzer, a partner at Consus Ag Consulting. “While there have not been significant losses, selling interest is low. Much of the activity we will observe today will be related to month-end positioning, as many traders are expected to take time off for the holiday weekend. This could lead to an intriguing session on Friday, as it marks the first notice day for December contracts, accompanied by a shortened trading session.”

Wheat Prices on the Rise

Turning our attention to wheat, March CBOT futures have seen a 3¢ increase, now at $5.42¼ per bushel. March KC wheat is trading 4¼¢ higher at $5.32½ per bushel, while March Minneapolis wheat has gained 7½¢, reaching $5.85 per bushel.

Cattle and Hogs Update

In the livestock sector, December live cattle have risen by $4.35, priced at $211.67 per hundredweight (cwt). January feeder cattle climbed significantly, up $5.37 at $312.45 per cwt, and December lean hogs increased by $1.37, now at $80.37 per cwt.

Crude Oil and Index Performances

Additionally, January crude oil has increased by 10¢ to $58.04 per barrel. In the stock market, the S&P 500 Index saw an uptick of 25.77 points, while the Dow Jones Industrial Average rose by 191.10 points. The December U.S. Dollar Index also saw gains, rising by 16 points.

Published: 9:50 a.m. CT