Happy Hump Day! I’m Derek Beck with YOUR AG NETWORK, and it’s Wednesday, Sept. 16.
Silage harvest is well underway, and combines are beginning to roll through dry corn fields across central Nebraska. I saw plenty of both while traveling to Husker Harvest Days on Tuesday.
If additional grain storage is in your plans for 2027, stop by the Sioux Steel Company booth and visit with Nick or Ty Dean. They can help you explore your options.
A few showers were falling across parts of the region Wednesday morning. Hot Springs, South Dakota, reported 51 degrees, while Blue Earth, Minnesota, was at 54. Keokuk, Iowa, reported rain and 66 degrees.
Grain markets moved higher overnight, recovering some of Tuesday’s losses.
December corn gained 1 3/4 cents to $5.37 per bushel, while November soybeans climbed 11 cents to $13.30. December soybean oil added 0.53 cent to 70.88 cents per pound, and December soybean meal gained $1.80 to $367 per short ton.
Wheat markets also traded higher. December Chicago wheat gained 4 cents to $7.33, Minneapolis spring wheat jumped 10 cents to $7.58 and Kansas City wheat added 4 cents to $8.01.
Two large cattle sales are scheduled Wednesday in Torrington, Wyoming, and Platte, South Dakota. Visit Hot Barn Report for complete sale details.
Livestock futures finished sharply lower Tuesday. December live cattle fell $1.80 to $223, October feeder cattle dropped $4 to $333 and December lean hogs declined to $69.50.
Wall Street futures were mostly higher early Wednesday. As of 6 a.m. Central, S&P 500 futures were near 7,675, Dow futures were around 52,645 and Nasdaq futures stood near 29,386.
Crude oil continued trading near $103 per barrel, while gold and silver both moved higher overnight.