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.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
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Ukraine to expand sunflower and rapeseed area while soybeans decline — FAS USDA
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