Soybeans close at one-week low | Tuesday, January 3, 2023

March corn ended the day down 6¢ while March soybeans are down 29¢. 

At $14.94, March soybeans are at the lowest price since this time last week. 

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CBOT wheat is down 12¢. KC wheat is down 16¢. Minneapolis wheat is down 16¢. 

Live cattle are down 88¢. Lean hogs are down $2.43. Feeder cattle are down $1.40. 

Nick Repke with Kluis Commodity Advisors says the weakness in today's prices is connected to the strength in the dollar. The U.S. Dollar Index is still at 104.4. 

Crude oil is down $3.41.

The S&P 500 is down 34 points. The Dow is down 219 points. 

Soybeans down 26¢; corn down 7¢ at midday: 11:23 a.m. 

Prices have sunk even lower at midday with soybeans now down 26¢ and corn down 7¢. 

CBOT wheat is down 14¢. KC wheat is down 18¢. Minneapolis wheat is down 13¢. 

Live cattle are down 98¢. Lean hogs are down $2.48. Feeder cattle are down $1.38. 

Crude oil is down $2.66. 

The U.S. Dollar Index is sitting at 104.4. 

The S&P 500 is down 30 points. The Dow is down 182 points. 

Grain prices start week in the red: 8:58 a.m. 

Corn is currently down a penny to $6.77. 

Soybeans are down slightly to $15.24. 

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CBOT wheat is down 4¢. KC wheat is down 2¢. Minneapolis wheat is down 6¢. 

Naomi Blohm with Total Farm Marketing says grain prices tend to have a price peak sometime between mid-January and mid-February.

She says a lot will depend on the January USDA World Agricultural Supply and Demand Estimates (WASDE) report and South American weather. 

Live cattle are up 10¢. Lean hogs are down 63¢. Feeder cattle are down 43¢. 

Crude oil is down $1.40. 

Wheat is down the European MATIF trade. On the Chinese Dalian trade, corn is up and No. 1 soybeans are down. 

The S&P 500 is up 31 points. The Dow is up 154 points.