Wheat finishes up 49¢. October 31, 2022

Wheat futures finished the day strong with CBOT wheat up 49¢ and KC wheat up 48¢. Minneapolis wheat is up 26¢.

Corn is up 8¢ while soybeans are up 18¢.

Live cattle are down 53¢. Feeder cattle are down 93¢. Lean hogs are down $1.18.

The S&P 500 is down 19 points. The Dow is down 35 points.

Wheat prices are still elevated, but lower than earlier this morning. CBOT wheat is now up 29¢. KC wheat is up 27¢. Minneapolis wheat is up 14¢.

Corn is up 5¢. Soybeans are up less than a penny.

Live cattle are down 58¢. Feeder cattle are down 70¢. Lean hogs are down 55¢.

The S&P 500 is down 19 points. The Dow is down 70 points. Crude oil is down $1.20.

This morning CBOT wheat and KC what are both up 40¢. Minneapolis wheat is up 38¢.

Russia has pulled out of the Black Sea trade agreement, spiking wheat prices. Corn and soybeans are also on the rise.

Corn is up 13¢. Soybeans are up 6¢.

Reuters reports that shipments are still coming out off the region and Russia may not be willing to enforce a blockade.

Live cattle are down 85¢. Feeder cattle are down $2.13 Lean hogs are down 45¢.

The U.S. Dollar Index is up to 111.3 this morning.

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

Lula da Silva won Brazil’s presidential election over the weekend. Nick Tsiolis, founder of grain merchandizer Farmers Keeper, says given da Silva’s environmental reputation, his election may signal a halt to expanded soybean acres.

The S&P 500 is down 29 points this morning. The Dow is down 189.

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