Grain prices start week in the red. Tuesday, January 3, 2023

Corn is currently down a penny to $6.77.

Soybeans are down slightly to $15.24.

CBOT wheat is down 4¢. KC wheat is down 2¢. Minneapolis wheat is down 6¢.

Naomi Blohm with Total Farm Marketing says grain prices tend to have a price peak sometime between mid-January and mid-February.

She says a lot will depend on the January USDA World Agricultural Supply and Demand Estimates (WASDE) report and South American weather.

Live cattle are up 10¢. Lean hogs are down 63¢. Feeder cattle are down 43¢.

Crude oil is down $1.40.

Wheat is down the European MATIF trade. On the Chinese Dalian trade, corn is up and No. 1 soybeans are down.

The S&P 500 is up 31 points. The Dow is up 154 points.

Tags: soybeans, wheat, сorn, live cattle, feeder cattle, lean hogs