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Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- May corn is down 5 1/4 cents per bushel, May soybeans are down 13 cents per bushel. May KC wheat is down 14 1/4 cents per bushel, May Chicago wheat is down 11 1/2 cents per bushel and May Minneapolis wheat is down 9 1/4 cents. The Dow Jones Industrial Average is down 445.30 points at 42,745.94. The U.S. Dollar Index is down 0.840 at 105.91. April crude oil is down $0.37 per barrel at $68.00. Wheat, corn and bean markets have bounced 6 to 8 cents above the daily low but remain sharply lower for the day. Funds have been very heavy sellers again, with estimated sales of 10,000 wheat, 19,000 corn, and 12,000 bean contracts. Rumors have China buying Brazilian beans today. Apparently, the Mexican president will meet with President Trump on Thursday. The break in corn and wheat have made the U.S. much more competitive in world markets.
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Posted 10:35 -- May corn is down 9 cents per bushel, May soybeans are down 13 1/2 cents per bushel. May KC wheat is down 17 1/4 cents per bushel, May Chicago wheat is down 13 3/4 cents per bushel and May Minneapolis wheat is down 11 1/4 cents. The Dow Jones Industrial Average is down 781.16 points at 42,410.08. The U.S. Dollar Index is down 0.550 at 106.20. April crude oil is down $0.86 per barrel at $67.51. Grain, soybean, and financial markets are extending losses at mid-morning, with soybeans and wheat leading the bearish barrage. There seems to be no let up in the selling on Tuesday though the markets are becoming very oversold.
Posted 08:42 -- May corn is down 6 1/4 cents per bushel, May soybeans are down 12 1/4 cents per bushel. May KC wheat is down 9 cents per bushel, May Chicago wheat is down 9 1/2 cents per bushel and May Minneapolis wheat is down 5 1/4 cents. The Dow Jones Industrial Average is down 415.35 points at 42,775.89. The U.S. Dollar Index is down 0.540 at 106.21. April crude oil is down $0.79 per barrel at $67.58. Grain and soy markets are plummeting again as tariff concerns expand with Canada, China and now Mexico promising to retaliate. USDA: Private exporters reported the following sales activity: 130,000 metric tons (mt) of white wheat for delivery to South Korea during the 2024/2025 marketing year and 20,000 mt of soybean oil for delivery to unknown destinations during the 2024/2025 marketing year. Financial markets are also down hard, with energy and equities continuing their downward plunge.
LivestockPosted 11:40 -- April live cattle are up $1.33 at $193.575, April feeder cattle are down $1.90 at $270.15, April lean hogs are down $1.90 at $81.8, May corn is down 5 1/2 cents per bushel and May soybean meal is down $4.90. The Dow Jones Industrial Average is down 619.13 points. Traders seem most focused on a 25% tariff that has gone into effect for both Mexico and Canada. No cash cattle trade has developed yet, but asking prices are noted in the South at $197.
Posted 08:35 -- April live cattle are down $1.73 at $190.525, April feeder cattle are down $3.73 at $268.325, April lean hogs are down $2.00 at $81.7, May corn is down 9 3/4 cents per bushel and May soybean meal is down $6.30. The Dow Jones Industrial Average is down 358.30 points. The livestock complex is trading lower as traders are cautious to support any of the contracts as a 25% tariff goes into effect today on Mexico and Canada. Still no developments have surfaced in the cash cattle market.
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