Markets close on volatile day. Friday, August 19, 2022

After a day of ups and downs, September corn closed up 7¢ to $6.27. December corn is up 7¢ to $6.23.

September soybeans are down 5¢ to $14.91, and November soybeans are up a penny to $14.06.

CBOT wheat is up 23¢. KC wheat is up 33¢. Minneapolis wheat is up 22¢.

Live cattle closed up 50¢. Feeder cattle closed down 53¢. Lean hogs are down 18¢.

The rain is coming down in Iowa and the upper Midwest. Keep an eye on the weather this weekend as much of the Corn Belt is expected to receive some rain.

At this hour, September corn futures are up 5¢ and December corn futures are up 6¢.

September soybeans are down 6¢ and November soybeans are down 4¢.

CBOT wheat is up 17¢. KC wheat is up 26¢. Minneapolis wheat is up 17¢.

Live cattle are up 68¢. Feeder cattle are down 30¢. Lean hogs are up 35¢.

Corn futures are up slightly this morning. September corn is up a penny, and December corn is up 2¢. September and November soybeans are both down 15¢.

CBOT wheat is up 2¢. KC wheat and Minneapolis wheat are both up 5¢.

Live cattle and feeder cattle are both up this morning while lean hogs are down 50¢.

Naomi Blohm with Total Farm Marketing notes that the Cattle on Feed report comes out this afternoon and may have an impact on the market.

She also says to keep an eye on tension in Ukraine surrounding the Zaporizhzhia nuclear power plant and the drought in China, which has the potential to lead to more buying. She says while it is normal this time of year for prices to decline, these factors could “stop a falling market in its tracks.”

The U.S. dollar is up this morning as is crude oil. The Dow is down 181 points. S&P 500 is down 40 points.

Outside the U.S., milling wheat on the MATIF exchange is up. Corn and No. 2 soybeans on the Dalian trade are down while No. 1 soybeans are up.

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