Corn and Beans Start Morning Up. Friday, May 9, 2025
Shortly after 9:00 a.m. CT, July corn was up 3¢ at $4.50½ per bushel.
July soybeans were 6¼¢ higher at $10.51¼ per bushel.
Angie Setzer, Partner with Consus Ag Consulting, said, “July corn finally showed signs of life yesterday after relentless selling had it testing the lowest value seen for the contract since early December. Wheat tried to trade higher but again failed, settling near contract lows. Soybeans were stronger though as the U.S. is competitive into the world market out into August, with strength seen in the interior.”
July wheat markets were in the red near the open. CBOT wheat was down 3½¢ at $5.25¾ per bushel. KC wheat was 3¼¢ lower at $5.21½ per bushel. Minneapolis wheat fell 4¢ at $6.96¾ per bushel.
June live cattle were up 52¢ at $214.77 per hundredweight (cwt). August feeder cattle increased 12¢ at $301.37 per cwt. June lean hogs were 5¢ lower at $97.12 per cwt.
June crude oil was up 54¢ at $60.45 per barrel.
June S&P 500 futures were up 22 points. June Dow futures increased 85 points.
The June U.S. Dollar Index dropped 300 points.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
No agreement yet between Ukraine and Russia on Black Sea shipping
Russia redirects vegetable oil exports to Baltic ports after EFKO terminal shutdown
Large grain stocks and new technologies reduce risks from ‘super’ El Niño
Kenya faces wheat import delays as imports cover 95% of the country’s needs
Ukraine’s grain export logistics costs rise by $50/t amid port shutdowns
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon