Grains continuing upward at midday. Tuesday, April 23, 2024

May corn is up 2¼¢ at midday.

May soybeans are up 4¼¢.

CBOT wheat is up 6¾¢. KC wheat is up 7¢. Minneapolis wheat is up 5¾¢.

Live cattle are down 95¢. Feeder cattle are up 88¢. Lean hogs are up $1.63.

Crude oil is up $1.04.

The U.S. Dollar Index June contract is down to 105.56.

S&P 500 futures are up 55 points. Dow futures are up 235 points.

Grains in the green this morning: 9:33 a.m. CDT

May corn is up 1¼¢ this morning.

May soybeans are up 3½¢.

CBOT wheat is up a penny. KC wheat is up 6½¢. Minneapolis wheat is up 4½¢.

“Wheat futures have extended their rally in early trade with Monday’s lower-than-expected U.S. winter wheat crop rating adding fuel to concerns about dry weather in the U.S. Plains, although concerns about export competitiveness have capped gains,” said The Brock Report prior to this morning’s open. “Corn and soybean futures have come under some pressure from good early U.S. planting progress and prospects for more needed rainfall in the western Corn Belt.”

Live cattle are down 5¢. Feeder cattle are up 60¢. Lean hogs are up 48¢.

Crude oil is up 17¢.

S&P 500 futures are up 41 points. Dow futures are up 156 points.

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