Grain prices end on a high note. Monday August 22, 2022

At today’s close, September corn futures are unchanged from midday and settled at $6.32. September soybeans closed up 38¢ at $15.26.

Wheat prices are also up. CBOT is up 15¢. KC wheat is up 19¢. Minneapolis wheat is up 14¢.

The crop progress report is coming out at 3 p.m. today. Cory Bratland with Kluis Commodity Advisors says he expects fairly stable crop conditions.

Livestock end the day mixed. Live cattle is down 75¢. Feeder cattle are down 40¢. Lean hogs are up 85¢.

September corn is up 6¢ to $6.32. September soybeans are up 38¢ to $15.27.

CBOT wheat is up 14¢. KC wheat is up 17¢. Minneapolis wheat is up 10¢.

Live cattle is down 80¢. Feeder cattle is down $1.05. Lean hogs are up $1.63.

Crude oil has rebounded from being down over $4 to being down only 52¢.

September and December corn futures are both up less than a penny. September and November soybean futures are up 14¢ and 11¢ respectively.

CBOT wheat is up 3¢. KC wheat is up 2¢. Minneapolis wheat is down 3¢.

Live cattle are down 85¢. Feeder cattle are down 55¢. Lean hogs are up 8¢.

International news continues to weigh on the market. In Ukraine, the area around Europe’s larges nuclear power plant remains under attack. Indiana Governor Eric Holcomb is visiting Taiwan this week. This follows Speaker Nancy Pelosi and a Congressional delegation led by Sen. Ed Markey (D-Mass.), both which sparked tensions with China.

Crude oil is down $4.07 this morning. The Dow is down 410 points and S&P 500 is down 62.25 points.

Milling wheat on the European MATIF exchange is up. On the Chinese Dalian exchange, corn and No. 1 soybeans are down. No. 2 soybeans are up.

Tags: corn, prices, soybeans, wheat, futures, live cattle, feeder cattle, lean hogs