Kirsten Rall updates the markets, current as of 10/23/19 at 2:00 p.m.
Row crops are lower Wednesday. While all three wheat exchanges gained ground. Weather issues over seas drove wheat prices higher on Wednesday morning. A drought in Ukraine is seen as holding back winter wheat planting. South American crops are also drying out this week. The U.S. dollar is recovering from early week weakness.
Livestock ended Wednesday higher, while lean hogs struggled its way to the close, with triple digit losses in the nearby’s. Cattle traders looking forward to the cattle on feed report expected to bring lower cattle on feed compared to a year ago.