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

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Today's Market View Corn Higher Wednesday at 6:00 a.m. CDT 5/12/2021 | 6:00 AM CDT DTN Staff Reporter Corn: July corn closed up 10 1/2 cents on Tuesday, gaining back half of Monday's losses, as more corn purchases by China and a bullish outlook for Wednesday's WASDE report brought buyers back in. Soybeans: July soybeans closed up 27 1/4 cents after setting a new contract high and reaching over $16 for the first time in 8 years. Wheat: July Chicago wheat closed 11 1/4 cents higher in sympathy with corn, and on expanding drought in the northern Plains, northwest and Canadian Prairies. Cotton: July cotton futures fell for the third consecutive day, closing down 0.72 cents and just above the 20-day moving average. Live Cattle: June live cattle futures closed higher for the fifth straight day, just below the 50-day moving average, and has rallied back $6/cwt in the past five days. (c) Copyright 2021 DTN, LLC. All rights reserved. Morning News View More > USDA Reports Preview The Demand Bull Moves Forward 5/11/2021 | 5:00 AM CDT What to expect from the World Agricultural Supply and Demand Estimates (WASDE) report, to be released on Wednesday, May 12. Read More Farms Eye Colonial Supply Disruptions Colonial Pipeline Closure Raises Fuel-Supply Concerns as Planting Rolls On 5/11/2021 | 4:31 PM CDT Liberty Refresher Spraying Glufosinate for the First Time? Here's What to Know. 5/11/2021 | 12:38 PM CDT Blogs View All Blogs > Ag Policy Blog Ag Groups to Congress: Don't Change Stepped-up Basis 5/11/2021 | 4:10 PM CDT Agricultural groups are worried about President Joe Biden's proposal to eliminate stepped-up basis on inherited assets above a proposed $1 million exemption... Read More Canada Markets The Canadian Dollar Faces Long-Term Technical Resistance 5/11/2021 | 3:02 PM CDT MachineryLink Ask the Mechanic: Quick Fuel Fix 5/11/2021 | 1:05 PM CDT MachineryLink Ask the Mechanic: Quick Fuel Fix 5/11/2021 | 1:05 PM CDT Ag Weather Forum Increasing Moisture But Cold 5/11/2021 | 11:31 AM 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 60N/A 57N/A Wind Spd - LV 3 4 Wind Dir - NNE ENE E Precip % - - - - Today 61N/A 35N/A Thu 66N/A 40N/A Fri 68N/A 45N/A Sat 68N/A 50N/A Sun 69N/A 53N/A Futures Overview More > Contract Month Last Chg ELEC. CORN[10] May-21 Dec-21 767'0 611'0 7'4 -0'2 ELEC. SOYBEANS[10] May-21 Nov-21 1637'4s 1441'4 17'4 10'0 ELEC. WHEAT[10] May-21 Dec-21 762'6 740'6 3'0 -2'2 ELEC. LIVE CATTLE[10] Jun-21 Aug-21 118.625s 122.050s 0.400 1.700 ELEC. FEEDER CATTLE[10] May-21 Aug-21 135.325s 148.850s -0.125 0.150 ELEC. LEAN HOGS[10] May-21 Jun-21 111.475s 111.175s -0.425 -0.925 ELEC. MILK CLASS III[10] May-21 Jun-21 --- 19.43 --- 0.43 ELEC. COTTON #2[10] Jul-21 88.85 1.10 Wed, May 12, 2021 7:02 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 $7.27 0.0275 2021-05-12 Soybeans $16.1 -0.2975 2021-05-12 LANDMARK SERVICES COOP - BURLINGTON, WI Commodity Price Basis Date Corn $7.19 -0.05 2021-05-12 Soybeans $16.09 -0.31 2021-05-12 Non-reporting locations excluded from display

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