Grains end the week mixed. Friday, September 16, 2022

Corn closed up 2¢ at $6.79. Soybeans closed down 5¢ and $14.46.

All wheat categories are up. CBOT is up 13¢. KC is up 10¢. Minneapolis is up 10¢.

Since Monday’s USDA report, which set the stage for bullish prices, corn and soybean prices have steadily fallen from Monday’s surge.

Al Kluis with Kluis Commodity Advisors says in the short term prices are under pressure as investors are looking to get out of risky investments. He notes Monday’s WASDE report is still bullish for prices long term.

Live cattle still down at the close by 13¢. Feeder cattle reversed course and finished up 33¢. Lean hogs are up 85¢.

At this hour grain prices have dipped into the green. Corn is up 2¢. Soybeans are up a penny.

CBOT wheat is up 9¢. KC wheat is up 4¢. Minneapolis wheat is up 6¢.

Livestock prices are currently mixed. Live cattle are down 20¢. Feeder cattle are down 70¢. Lean hogs are up 30¢.

Crude oil is up 94¢. The U.S. dollar is down a penny.

Corn prices are starting the day down 8¢ while soybean prices are down 15¢.

CBOT wheat is down 11¢. KC wheat is down 9¢. Minneapolis wheat is down 4¢.

Live cattle are down 30¢. Feeder cattle are down 75¢. Lean hogs are down 10¢.

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

Crude oil is up 30¢. The U.S. dollar is up 38¢.

The S&P 500 is down 54 points. The Dow is down 319 points.

Bob Limmeman with Kluis Commodity Advisors says grain prices are feeling selling pressure following a bullish start to the week.

 “The pattern of lower lows and lower highs is prevalent on most grain charts as we prepare to wrap up trading this week,” he says. “Headlines have definitely favored the bear camp, while traders also prepare for harvest selling pressure. The risk of further headline pressure remains high as global tensions involving Russia, Ukraine, China and Taiwan intensify.”

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