Corn Lower Thursday at 6:00 a.m. CDT

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Today's Market View Corn Lower Thursday at 6:00 a.m. CDT 5/13/2021 | 5:59 AM CDT DTN Staff Reporter Corn: July corn closed down 7 1/2 cents on Wednesday, reacting to a mildly bearish USDA and WASDE report which forecast a much higher 2021-22 carryout than expected. Soybeans: July soybeans closed up 27 3/4 cents to another new high and the highest price in 9 years as stocks for 2021-22 are projected to be nearly as tight as this year. Wheat: July Chicago wheat closed 12 cents lower on Wednesday as old crop wheat exports were lowered and production was higher. Cotton: July cotton futures reversed part of three consecutive lower closes, finishing up just 0.48 cents. Live Cattle: June live cattle futures closed slightly lower, down $0.025, after five straight higher closes, touching the 50-day average for the first time since mid-April. (c) Copyright 2021 DTN, LLC. All rights reserved. Morning News View More > USDA Reports Review New-Crop December Corn Falters on Bearish WASDE; Soybeans Maintain Strong Gains 5/12/2021 | 3:32 PM CDT While the May USDA World Agricultural Supply and Demand Estimates (WASDE) report featured little earth-shattering news for soybeans, it was new-crop... Read More Cash Market Moves Hernando de Soto Bridge Crack Stops Lower Mississippi River Barge Traffic 5/12/2021 | 6:38 PM CDT Repaying FSA Loan Debt for SDA Farmers USDA Still Working Through Loan Payments for Socially Disadvantaged Farmers 5/13/2021 | 5:00 AM CDT Blogs View All Blogs > Market Matters Blog Hernando de Soto Bridge Crack Stops Lower Mississippi River Barge Traffic 5/12/2021 | 6:38 PM CDT The U.S. Coast Guard shuttered the Mississippi River at Mile 736 through 737 Memphis, Tennessee, as a safety precaution after a crack was found in the I-40... Read More Canada Markets Global Wheat Production Forecast to Grow, Along With Use 5/12/2021 | 3:54 PM CDT An Urban's Rural View The Question is, How Long is Temporary 5/12/2021 | 11:34 AM CDT Fundamentally Speaking First 2021 Oat Rating Low 5/12/2021 | 10:52 AM CDT Market Matters Blog Cattle Market Desperately Needs More Workers and Packing Capacity 5/12/2021 | 10:28 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 - 58N/A 65N/A 63N/A Wind Spd - 3 LV LV Wind Dir - NW N NNW Precip % - - - - Today 66N/A 40N/A Fri 68N/A 45N/A Sat 65N/A 50N/A Sun 69N/A 53N/A Mon 75N/A 52N/A Futures Overview More > Contract Month Last Chg ELEC. CORN[10] May-21 Dec-21 748'0 584'0 -9'4 -9'0 ELEC. SOYBEANS[10] May-21 Nov-21 1655'0 1423'0 -5'4 -20'6 ELEC. WHEAT[10] May-21 Dec-21 753'4 722'4 -1'2 -8'6 ELEC. LIVE CATTLE[10] Jun-21 Aug-21 118.600s 122.325s -0.025 0.275 ELEC. FEEDER CATTLE[10] May-21 Aug-21 136.750s 150.525s 1.425 1.675 ELEC. LEAN HOGS[10] May-21 Jun-21 111.800s 112.025s 0.325 0.850 ELEC. MILK CLASS III[10] May-21 Jun-21 --- 19.71 --- 0.07 ELEC. COTTON #2[10] Jul-21 86.80 -1.43 Thu, May 13, 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 $7.05 0.0325 2021-05-13 Soybeans $16.04 -0.295 2021-05-13 LANDMARK SERVICES COOP - BURLINGTON, WI Commodity Price Basis Date Corn $6.96 -0.05 2021-05-13 Soybeans $16.02 -0.31 2021-05-13 Non-reporting locations excluded from display

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