Corn Down 2¢. Monday, April 14, 2025
A little past 9 a.m. CT, July corn was down 2¼¢ at $4.94¾ per bushel.
July soybeans were up 2¢ at $10.55 per bushel.
May CBOT wheat was down 5¢ at $5.50¾ per bushel. July KC wheat was down 10¢ at $5.73¼. July Minneapolis wheat was down 6½¢ at $6.22.
This morning, USDA announced Japan is buying 120,000 metric tons of corn for the 2024/2025 marketing year.
“The big news over the weekend was that Trump moved to exempt cell phones, computers, and other electronic devices from the massive tariffs he announced last week,“ said Al Kluis, managing director of Kluis Commodity Advisors. ”This is viewed as a possible first step in getting some trade talks going with China. China announced on Sunday that they would resume exports of rare minerals used in electronics, another positive sign.”
Kluis later added, “Last Monday I wrote, ‘I think that the collapse in the stock market will force Trump to begin trade negotiations with our major trade partners yet this week.’ Now I am watching for an announcement that Trump and [Chinese President] Xi will meet some time later this year.”
June live cattle were up 83¢ at $197.63 per hundredweight (cwt) a little past 9 a.m. CT. August feeder cattle were up $1.73 at $285.40 per cwt. June lean hogs were up $1.33 at $94.65 per cwt.
May crude oil was up 10¢ at $61.60 per barrel.
The U.S. Dollar Index June contract was down to 99.68.
June S&P 500 futures were up 76 points. June Dow futures were up 389 points.
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