Soybeans up 24¢ at the open. Tuesday, December 6, 2022
This morning corn is up 2¢ while soybeans are up 24¢.
CBOT wheat is trading down 2¢. KC wheat is down 6¢. Minneapolis wheat is up a penny.
Live cattle are down $1.13. Lean hogs are down $1.18. Feeder cattle are down $1.60.
Naomi Blohm with Total Farm Marketing says soybeans have been fairing better than corn and wheat because of export sales. This morning USDA announced another soybean sale of 264,000 metric tons to China.
Crude oil is down 24¢ this morning.
The U.S. Dollar Index is sitting at 104.7.
Outside of the U.S., milling wheat is down on the MATIF trade. Corn is down on the Dalian exchange while NO. 1 soybeans are up.
The S&P 500 is down 21 points. The Dow is down 118 points.
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