May corn is down 1/4 cent per bushel, May soybeans are down 1 1/4 cents, May KC wheat is up 1 1/4 cents, May Chicago wheat is down 2 1/2 cents and May Minneapolis wheat is steady.
DTN Chart Technical Points 03/18 16:30 DTN FUTURES 10 3/18/24 SLOW STOCHASTIC
It was an impressive start to the week as most of the livestock contracts closed higher, and once again boxed beef prices closed higher, too. No cash cattle trade developed throughout the day and trade will likely be delayed until Thursday, if not even potentially Friday.
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 03/18/24 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, March 18 Exchange rate was 1.3519 down 0.0002
FARM MARKET NEWS - CORN REPORT FOR Mon, March 18 Exchange rate was 1.3519 down 0.0002
May corn closed down 3/4 cent and December corn was unchanged. May soybeans closed down 10 1/2 cents and November soybeans were down 10 1/4 cents. May KC wheat closed up 7 1/2 cents, May Chicago wheat was up 14 1/4 cents and May Minneapolis wheat was up 4 1/4 cents.
The cotton market finished higher Monday, but was off from its early morning price surge.
Heading into Monday's afternoon, the livestock contracts are all trading higher and if consumer demand continues to shine through the market, a higher end to the day could be likely. The livestock complex is off to a strong start as all three of the markets trade higher into Monday's noon hour.
Corn futures are narrowly mixed at midday Monday; soybean futures are 8 to 10 cents lower; wheat futures are 7 to 12 cents higher. The U.S. stock market is firmer at midday with the S&P 45 points higher.