Soybeans regain the week's losses at close | Friday, January 6, 2023

Soybeans closed up 21¢ to end the week at $14.92, regaining the losses since Tuesday's close. 

Corn closed up less than a penny at $6.53.

CBOT wheat ended the day down 4¢. KC wheat is down 8¢. Minneapolis wheat is down 7¢.

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Live cattle closed down 58¢. Lean hogs are down $1.95. Feeder cattle are down 98¢. 

The U.S. Dollar Index is down to 103.6. 

Crude oil is at $73.74 a barrel. 

The S&P 500 is up 87 points. The Dow is up 692 points. 

Corn and wheat give up morning gains: 11:20 a.m. 

Corn is only up a penny at midday. 

CBOT wheat is up just slightly. KC wheat is down 5¢. Minneapolis wheat is down 3¢. 

Soybeans are staying strong, currently up 19¢. 

Live cattle are down 43¢. Lean hogs are down $1.55. Feeder cattle are down 55¢. 

The December U.S. jobs report released this morning found 223,000 jobs were added last month and the unemployment rate dropped to a "historically low" 3.5%. 

“Since December 2021, the economy has added 4.5 million jobs, for a total of more than 10.7 million jobs...," says U.S. Secretary of Labor Marty Walsh. "With significant gains in health care, leisure and hospitality, and construction jobs, we rounded out 2022 with more of the steady, stable growth that helped our workforce recover from the COVID pandemic and has empowered workers to take on new opportunities."

Currently the S&P 500 is up 71 points. The Dow is up 619 points. 

Corn up 6¢ this morning: 9 a.m. 

March corn is up 6¢ and soybeans have shot up 20¢. 

CBOT wheat is up 6¢. KC wheat is up 3¢. Minneapolis wheat is up 4¢. 

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Nick Tsiolis, founder of Farmer's Keeper, says grains are up in response to a drier forecast for South America. 

Live cattle are down 5¢. Lean hogs are down 58¢. Feeder cattle are down 25¢. 

The U.S. Dollar Index is at 104.9. Bob Linneman with Kluis Commodity Advisors says if the dollar can close over the 50-day moving average, which is 106.07 currently, there should be momentum for a continued rally. 

Linneman also says with the U.S. jobs report coming out this morning to expect a volatile day for outside markets. 

The S&P 500 is currently up 8 points. The Dow is up 127 points.