Market Updates

Posted 10:36 — December corn increased by 1/2 cent per bushel, while November soybeans gained 3 3/4 cents. September KC wheat dropped 3 cents, Chicago wheat fell by 6 1/4 cents, and Minneapolis wheat was down 2 1/2 cents. The Dow Jones Industrial Average saw a significant decline, dropping 597.39 points. Meanwhile, the US dollar index rose by 0.410, and crude oil prices for September increased by $5.58 per barrel. In contrast, August gold saw a drop of $100.90 per ounce. By mid-morning, both corn and soybean meal lost their earlier gains, with soybeans also retreating from their peaks. The rise in oil prices, nearly $6 per barrel, is putting considerable pressure on stocks.

Posted 8:32 — December corn was up 4 cents a bushel, with November soybeans rising 8 1/4 cents. September KC wheat decreased by 2 1/2 cents, Chicago wheat was down by 1/4 cent, and Minneapolis wheat also dropped by 1/4 cent. The Dow Jones Industrial Average fell by 571.62 points, while the US dollar index increased by 0.280. Crude oil rose $4.08 per barrel, and August gold fell by $87.30 an ounce. According to the USDA, private exporters reported sales of 126,000 tons (4.6 million bushels) of soybeans to unknown destinations for 2026/2027. Corn, soybeans, and soy products continue to see upward trends, while wheat seems to be taking a pause from its recent gains.

Posted 11:46 — October live beef rose $1.45 to $220.65, while September feed beef gained $3.20, reaching $339.40. October lean hog increased by $0.30 to $88.65, and December corn was up 2 1/4 cents per bushel, though December soybean meal dropped by $0.80. The Dow Jones Industrial Average fell 478.00 points, and the Nasdaq dropped 538.61 points. Livestock markets showed positive movement until midday on Thursday, as traders continued to support the market. A light cash cow trade was observed at $230 in Kansas, but otherwise, the market remained quiet following Wednesday’s trading.

Posted 8:35 — October live beef rose by $0.55 to $219.75, while September feed beef increased by $1.25 to $337.45. October lean hog fell $0.18 to $88.175. December corn rose 2.5 cents per bushel, and December soybean meal gained $0.30. The Dow Jones Industrial Average fell 366.94 points, and the Nasdaq dropped 427.81 points. Following a mixed Wednesday close, the cattle contract found some technical support, aiding its rise. A bid of $360 was noted in Nebraska, but the spot market remains otherwise quiet.