At the market close:

• May corn: up 3½¢ at $4.39¾ per bushel.
• May soybeans: down 2¾¢ at $11.53¼ per bushel.
• May CBOT wheat: up 13½¢ at $5.80¼ per bushel.
• May Kansas City wheat: up 8½¢ at $5.85¼ per bushel.
• May Minneapolis wheat: up 1½¢ at $5.89½ per bushel.

Karl Setzer, partner with Consus Ag Consulting, shared insights on the market’s fluctuations. He noted, “All futures were firm at the start of day trade, but quickly turned mixed when the U.S. Supreme Court announced its decision on President Trump’s tariffs.” In a decisive 6-3 ruling, the Court stated that tariffs must be enacted by Congress, not the President, impacting soybean prices significantly.

This decision led to uncertainty regarding existing tariffs, especially concerning trade with China. Chief Justice Roberts referred to the situation as “a mess,” prompting further questions on tariffs already collected.

Livestock Market Overview

• April live cattle: down $1.42 at $242.00 per hundredweight (cwt).
• March feeder cattle: down $2.60 at $365.05 per cwt.
• April lean hogs: up 22¢ at $93.67 per cwt.

Energy and Financial Indices

As of 3:18 p.m. CT, April crude oil was trading at $66.42 per barrel, up 2¢. In equities, the S&P 500 Index rose by 47.62 points, while the Dow Jones Industrial Average jumped 230.81 points. Conversely, the March U.S. Dollar Index was down 180 points.

Pre-Market Trends

As of 9:29 a.m. CT:

• May corn: up 3¼¢ at $4.39½ per bushel.
• May soybeans: up 6¢ at $11.62 per bushel.
• May CBOT wheat: up 8½¢ at $5.75¼ per bushel.
• May Kansas City wheat: up 7¾¢ at $5.84½ per bushel.
• May Minneapolis wheat: up 4¢ at $5.98½.

According to the Brock Report, recent USDA data indicates that sales for corn, soybeans, and wheat for the 2025/2026 marketing year were below the four-week average but fell within expected ranges.

Morning Yield

Prior to 9 a.m. CT, the livestock market showed mixed performance:

• April feeder cattle: down 53¢ at $367.13 per cwt.
• April live cattle: down 33¢ at $243.10 per cwt.
• April lean hogs: up 30¢ at $93.75 per cwt.

April crude oil traded down 11¢ at $66.29 per barrel. The U.S. Dollar Index March contract was up to 97.87, indicating minor fluctuations in the market.

Closing Thoughts

As market trends continue to evolve with both national and international influences, traders are advised to stay informed and ready to adapt to changing conditions.