Markets Mixed at Month End

Market Update: Corn, Soybeans, Wheat, and Livestock Prices

As of shortly before 9:00 a.m. CT, the agricultural markets are seeing some mixed movements. Here’s a breakdown of the current prices:

• Corn: May corn is down 1¢ at $4.80 per bushel.
• Soybeans: May soybeans are 4¾¢ higher at $10.42 per bushel.
• Wheat: May wheat contracts are showing mixed trade, with CBOT wheat up 4½¢ at $5.67 per bushel, KC wheat down 1¢ at $5.84¼¢ per bushel, and Minneapolis wheat up 1¢ at $6.05¾¢ per bushel.

Don Roose, president of U.S. Commodities, noted that the market sentiment is turning bearish due to the increase in ending stocks and acres, leading to lower prices for grains. Funds are also seen liquidating their long positions in corn.

On the livestock front:

• Live Cattle: April live cattle are down 35¢ at $195.77 per hundredweight (cwt).
• Feeder Cattle: March feeder cattle are up 92¢ at $276.47 per cwt.
• Lean Hogs: April lean hogs are 57¢ stronger at $84.95 per cwt.

Meanwhile, in the energy sector:

• Crude Oil: April crude oil is down $89¢ at $69.46 per barrel.

Looking at the broader market indicators:

• S&P 500 Futures: March S&P 500 futures are up 6 points.
• Dow Futures: March Dow futures have increased by 143 points.

This morning’s market movements reflect the ongoing shifts in supply and demand dynamics, as well as broader economic trends influencing agricultural commodities and related sectors. Stay tuned for further updates as the trading day progresses.

Published: 9:27 a.m. CT