Planted Acres

Freshly harvest soybeans loaded in truck for transport to grain elevator. ©Debra L Ferguson Corn is 1 to 2 cents lower, soybeans are 8 to 9 cents higher, and wheat is 9 to 12 cents higher. The U.S. stock market is firmer with the Dow up 450 points. The dollar index is 20 points lower. Interest rate products are weaker. Energies are mixed with crude $0.45 higher. Livestock trade is firmer with hogs leading. Precious metals are mixed with gold up $3.

Coosa, Georgia, cotton field ready for harvest. Photo: Nick McMichen After two hard down days, the market held trend-line support and recovered half its losses of Tuesday, encouraging bullish traders to stand their ground Wednesday. Of course, there has been some slowness to the harvest with all the recent weather events causing some flooding. To that end, there is another tropical disturbance below Cuba.

Soybean harvest. ©Debra L Ferguson Pre-6 a.m. Globex Prices: December corn is down 2 cents per bushel, November soybeans are down 3 cents, and December KC wheat is up 4 1/2 cents. CME Globex Recap: Grain markets are mixed with row crops lower while wheat tacks on solid gains overnight. Traders are awaiting the Quarterly Stocks report and Small Grains Annual Summary report at 11:00am CST.