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Grain prices close mostly higher | Friday, December 30, 2022
Grain prices closed mostly higher today with corn, soybeans, and wheat posting higher closes for the week. The USDA export sales report was close to trade estimates, and the USDA reported another sale of 6.6 million bushels of China this morning.
Today, nearby corn fell into the close, closing 1¢ lower, nearby soybeans up 10¢, and wheat futures were 18 to 24¢ higher.
For the week, corn closed up 12¢, soybean futures closed 40¢ higher, and wheat was 7 to 16¢ higher.
The outside markets are mixed today with the Dow futures down over 100 points. Crude oil has reversed and closed up $2.03 per barrel while the U.S. dollar is again lower, now down 0.33 points
Livestock futures closed lower today. Feeder cattle are down 10 to 20¢. Live cattle down 95¢. Lean hogs closed down 97¢ lower.
It was a volatile year in 2022 and odds are good 2023 will be as well.
Holiday Schedule: No markets on Monday, January 2. The grain and livestock markets open at 8:30 a.m. on Tuesday, January 3. The next update will be the update on Tuesday, January 3, 2023 by 10 a.m.
Grain prices are higher in early trade: 8:57 a.m.
Export sales were good and private trade estimates of the crop in Argentina keep moving lower.
Corn futures are 4¢ higher, soybean futures are 16 to 18¢ higher, and wheat futures are 10 to 19¢ higher. The soybean market is trading above the Tuesday high, opening the door for a test of $15.70.
The outside markets are mixed this morning with the Dow futures down over 200 points. Crude oil has reversed and is now up 60¢ per barrel while the U.S. dollar is again lower, now down 0.27 points
Livestock futures are lower this morning. Feeder cattle are down 5¢ at $183.15. Live cattle down 37¢. Lean hogs are 10¢ lower.
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