Corn down 9¢ on turnaround Tuesday morning. Tuesday, July 25, 2023
It’s turnaround Tuesday and December corn is down 9¢ while November soybeans are down 13¢.
CBOT and KC wheat are down 16¢. Minneapolis wheat is down 14¢.
The Brock Report says prices are down as traders are taking profits following yesterday’s rally.
“Wheat futures retreated from multi-month highs as no new Russian air strikes on Ukraine’s Black Sea ports were reported overnight,” says The Brock Report. “Russia instead launched new strikes on Kyiv. Corn and soybean futures fell back despite lower-than-expected U.S. crop ratings from USDA.”
October livestock are mixed this morning as live cattle are down 18¢, lean hogs are up $1.68, and feeder cattle are up 70¢.
Crude oil is down 11¢.
S&P 500 futures are up 5 points. Dow futures are down 33 points.
Outside of the U.S,, milling wheat is down on the MATIF trade and corn and soybeans are down on the Dalian trade.
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