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Daily Commodity Market Update
Latest Market Highlights (Published: 4:12 p.m. CT)
March corn prices increased by 2¼¢, closing at $4.46½ per bushel.
In the soybean market, January contracts also saw an increase of 2¼¢, ending the day at $10.93½ per bushel.
Wheat prices showed mixed results, with March CBOT wheat rising by 4¢ to close at $5.33½. Meanwhile, March Kansas City wheat dropped by 1¢, closing at $5.22¼, while March Minneapolis wheat edged up 1¢ to $5.76¼.
Livestock Market Overview
In livestock markets, January feeder cattle gained $5.03, finishing at $343.40 per hundredweight (cwt). February live cattle closed up $2.43, reaching $230.95 per cwt. February lean hogs also increased by $1.75, closing at $84.18 per cwt.
On the energy front, January crude oil prices were down by 56¢, settling at $57.90 per barrel.
Morning Trends: Soybeans and Grains (Published: 9:43 a.m. CT)
As of 9:15 a.m. CT, March corn prices rose slightly by 1¼¢ to $4.45½ per bushel. However, January soybeans faced a decline, dropping 4½¢ to $10.86¾ per bushel.
Wheat prices were relatively stable with March CBOT wheat remaining unchanged at $5.29½. March Kansas City wheat decreased by 2¢ to $5.21¼, while March Minneapolis wheat gained 1¾¢, closing at $5.77.
USDA Export Sales Announcements
Several new export sales were announced by the USDA:
- China has contracted to purchase 264,000 metric tons of soybeans for the 2025/2026 marketing year.
- Unknown destinations are purchasing 186,000 metric tons of corn for the same marketing year.
- Another 226,000 metric tons of soybeans are being sold to unknown destinations for the 2025/2026 marketing year.
Additional Market Insights
As of the morning, January feeder cattle saw an uptick of $4.30, closing at $342.68 per cwt, while February live cattle rose $2.30 to $230.83 per cwt. February lean hogs increased by $1.20, settling at $83.63 per cwt.
In commodity prices, January crude oil was down $1.06 at $57.40 per barrel. The U.S. Dollar Index for December was reported at 98.23.
Stock Market Summary
In the stock market, the S&P 500 Index decreased by 29.79 points, while the Dow Jones Industrial Average saw an increase of 271.42 points.
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