Market Update: Corn and Soybean Prices on the Rise

As of this morning, significant movements were observed in the agricultural commodity market, particularly in corn and soybean prices.

Corn and Soybeans Show Positive Trends

At 9:30 a.m. CT, March corn prices saw a minor increase of 1½ cents, reaching $4.21¼ per bushel. Meanwhile, March soybeans rose by 7¼ cents, achieving a price of $10.46 per bushel.

In addition, the wheat market also exhibited slight fluctuations. March CBOT wheat gained less than a penny, standing at $5.10¾ per bushel, while Kansas City wheat was similarly up by less than a penny at $5.20 per bushel. On the other hand, March Minneapolis wheat experienced a modest increase of one penny, concluding at $5.67½.

USDA Announces New Export Sales

This morning, the USDA reported fresh export sales that are set to influence future market trends:

• South Korea purchased 136,000 metric tons of corn for the 2025/2026 marketing year.
• China secured 334,000 metric tons of soybeans for the same marketing period.

Livestock and Crude Oil Prices

In the livestock sector, March feeder cattle saw a decrease of $1.28, reaching $360.85 per hundredweight (cwt). April live cattle fell by 70 cents, settling at $238.28 per cwt. April lean hogs also experienced a decline, down 23 cents to $91.03 per cwt.

Meanwhile, crude oil prices reflected a positive shift, increasing by 49 cents, which brought its price to $61.42 per barrel.

Market Indices and Economic Indicators

The U.S. Dollar Index for March contracts dropped to 98.79, indicating a small downward trend. Additionally, as of 9:13 a.m. CT, both the S&P 500 Index and the Dow Jones Industrial Average were down by 41.01 points and 74.55 points, respectively.

This data reflects a dynamic agricultural market influenced by both domestic and international sales. Investors and stakeholders in the agriculture sector are advised to monitor these fluctuations closely as they make strategic decisions moving forward.

Published: 9:43 a.m. CT

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