Corn Higher Friday at 6:00 a.m. CDT

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Today's Market View Corn Higher Friday at 6:00 a.m. CDT 5/7/2021 | 6:04 AM CDT DTN Staff Reporter Corn: July corn closed up 10 1/4 cents at a new high of $7.18 3/4 Thursday as commercials continue to try to secure limited supplies, while Brazil faces a hot and dry forecast. Soybeans: July soybeans closed up 27 1/4 cents at $15.69 1/2, supported by new highs in the oil sector. Wheat: July Chicago wheat was up 8 3/4 cents at $7.53 1/4 with ongoing support from a mostly dry forecast in the western Plains. Cotton: July cotton closed up 3.25 cents at 90.58 cents Thursday, staying well-supported. Live Cattle: June live cattle closed up $1.05 at $115.47, finding support near its lowest prices in 2021. (c) Copyright 2021 DTN, LLC. All rights reserved. Morning News View More > Debate Heats Up Over Stepped-up Basis Rural Democrats Seek Bill Language to Ensure Farmers Excluded From Tax Hike 5/6/2021 | 4:17 PM CDT In a move that has set off alarm in farm groups, President Joe Biden's tax plan eliminates stepped-up basis for inherited assets beyond $1 million per... Read More Vaccine Rural Push, Attitudes Collide Effort Underway to Expand COVID-19 Vaccinations in Rural Areas 5/6/2021 | 2:43 PM CDT Dicamba Settlement Deadline Dicamba Injury Settlement Claims Due by May 28 5/6/2021 | 11:02 AM CDT Blogs View All Blogs > Ag Policy Blog Ag Groups React to 30x30 Release 5/7/2021 | 6:12 AM CDT After some of the complaints and questions over 30x30 before its release, the initiative drew comments of encouragement from some major agricultural groups. Read More Ag Policy Blog Ag Groups React to 30x30 Release 5/7/2021 | 6:12 AM CDT Canada Markets November Canola is Making its Move 5/6/2021 | 3:51 PM CDT MachineryLink Equipment Roundup: New Products From Firestone, New Holland, Danuser, Arctic Cat, AGCO and Bobcat; Plus an Update on 'SILO' 5/6/2021 | 3:22 PM CDT MachineryLink Equipment Roundup: New Products From Firestone, New Holland, Danuser, Arctic Cat, AGCO and Bobcat; Plus an Update on 'SILO' 5/6/2021 | 3:22 PM CDT Webinars May 12 - May WASDE Report WEBINAR REBROADCASTS Local Forecast More > IL Kelsey Road (162003), IL Today 6 AM 10 AM 2 PM 6 PM Sky Cover Temp - 52N/A 54N/A 51N/A Wind Spd - 8 10 8 Wind Dir - NNW NNW N Precip % - - - - Today 54N/A 41N/A Sat 55N/A 36N/A Sun 52N/A 41N/A Mon 54N/A 37N/A Tue 61N/A 36N/A Futures Overview More > Contract Month Last Chg ELEC. CORN[10] May-21 Dec-21 765'2 637'2 5'6 11'6 ELEC. SOYBEANS[10] May-21 Nov-21 1613'2 1425'4 7'6 16'4 ELEC. WHEAT[10] May-21 Dec-21 770'0 765'6 5'6 8'2 ELEC. LIVE CATTLE[10] Jun-21 Aug-21 115.475s 118.475s 1.050 0.750 ELEC. FEEDER CATTLE[10] May-21 Aug-21 130.475s 143.400s -1.000 -1.825 ELEC. LEAN HOGS[10] May-21 Jun-21 111.400s 114.475s 0.025 0.050 ELEC. MILK CLASS III[10] May-21 Jun-21 18.87 19.00 -0.03 -0.01 ELEC. COTTON #2[10] Jul-21 90.25 -0.33 Fri, May 7, 2021 7:03 AM CDT Quotes are market time Delay is included in brackets DTN Grain Bids More > FARM CITY ELEVATOR-ZENDA - LAKE GENEVA, WI Commodity Price Basis Date Corn $7.3 0.0325 2021-05-07 Soybeans $15.51 -0.295 2021-05-07 LANDMARK SERVICES COOP - BURLINGTON, WI Commodity Price Basis Date Corn $7.22 -0.05 2021-05-07 Soybeans $15.49 -0.31 2021-05-07 Non-reporting locations excluded from display

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