Corn up 3¢. Wednesday, July 17, 2024

December corn is up 3¢ this morning.

November soybeans are up 3½¢.

All three September wheat contracts are up. CBOT wheat is up 8½¢. KC wheat is up 9¢. Minneapolis wheat is up 11¢.

“Corn and soybean futures worked higher in early trade for a second straight session amid support from concerns about crop damage from Monday’s Midwest derecho and hot, dry weather in the Black Sea region,” said The Brock Report near the end of the overnight session. “Gains have been limited, though, by large supplies and uncertainty about Chinese demand. Wheat futures have been boosted by demand from major importers and technically-driven short covering, with gains limited by large U.S. supplies and stiff export competition from Russia.”

August live cattle are down 65¢ this morning. August feeder cattle are down 90¢. August lean hogs are up $1.00.

August crude oil is up $1.30.

The U.S. Dollar Index September contract is down to 103.42.

September S&P 500 futures are down 56 points. September Dow futures are up 20 points.

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