After the Bell | March 13, 2023

After the Bell
After the Bell
(Pro Farmer)

Corn: May corn fell 3 3/4 cents to $6.13 1/2, posting a mid-range close. Corn was unsuccessful in extending Friday’s gains despite strength in SRW wheat and a wavering U.S. dollar as Russia confirmed the possibility of a 60-day extension to the Black Sea grain deal.

Soybeans: May soybeans closed 15 3/4 cents lower at $14.91 1/4, on the session low. May soybean meal closed $6.60 lower at $479.30, also on the session lows. May soyoil settled 75 points lower at 55.86 cents. Soybean futures saw losses despite early overnight and opening strength this morning with volatility raging on in outside markets.

Wheat: May SRW wheat rose 5 1/4 cents at $6.84 1/2. May HRW wheat gained 2 1/4 cents at $8.00 1/2. Prices closed nearer the session highs and saw short covering after hitting contract lows last Friday. Spring wheat futures rose 8 cents to settle at $8.32 2/4. Winter wheat futures markets saw corrective bounces today, following recent losses.

Cotton: May cotton rose 300 points to 81.18 cents, after reaching the lowest level since late November overnight. May cotton rose the daily limit, recapturing a large portion of Friday’s losses which were spurred by uneasiness around the collapse of the Silicon Valley Bank (SVB).

Cattle: April live cattle closed down 72 1/2 cents to $163.55. Prices hit a five-week low early on and then closed nearer the session high. May feeder cattle closed down $1.175 at $202.40 and nearer the session high. The cattle futures markets were pressured today by a keener risk-off mentality in the general marketplace, following the collapse of a major California back that rattled stock and financial markets.

Hogs: April lean hog futures sold $1.225 lower to $86.225, posting a mid-range close. April lean hog futures saw sympathy selling alongside most risk assets today.









Latest News

First Thing Today | March 22, 2023

Bears controlled price action overnight, with corn, soybean and wheat futures trading solidly lower and near their session lows this morning.

After the Bell | March 21, 2023

After the Bell | March 21, 2023

Pro Farmer's Daily Advice Monitor

Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.

New Spat in Lengthy Contract Negotiations for U.S. West Coast Dockworkers

Xi invites Putin to visit China as two leaders sign pacts and discuss war cooperation

Ahead of the Open | March 21, 2023

Corn, soybeans and wheat finished higher and near their session highs overnight, which should fuel followthrough buying this morning.

First Thing Today | March 21, 2023

Light corrective buying has surfaced in some of the grain and soy futures early this morning after they faced pressure for much of overnight trade.