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Grain futures were under pressure in the early morning trade but found some life shortly after 10am CT.   

July corn futures tripped stops below the July 2022 lows (574 ¼), trading down to 572.  Since then, the market has been able to rally as much as 12 cents off the lows, trading to 584 ½.  The new crop December contract is still 3 cents lower to 527 ¾ at midday. 

July soybeans are leading the charge higher today after tripping stops below the psychologically significant $14.00 handle and reversing.  Currently 13 1/4 cents higher to 1417.  The new crop November contract is 10 ¼ cents higher to 1265 ¾.

July Chicago wheat is 5 ¼ cents higher to 634 ½.  July KC wheat is 11 cents higher to 776 ¼. 

On the livestock side of things, it’s been a mixed morning.  June live cattle are currently 10 cents higher to 165.30.  August feeders are .125 lower to 231.45.  June lean hogs are 90 cents higher to 91.00.  December hogs are .30 higher to 79.65.

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