Corn Down Nearly 6¢. Thursday, May 29, 2025
As of 8:50 a.m. CT, July corn was down 5¾¢ at $4.45¼ per bushel.
July soybeans were down 6¢ at $10.42½ per bushel.
July wheat contracts were mixed. CBOT wheat was down less than a penny at $5.29¾ per bushel. KC wheat was up 2¢ at $5.27¼. Minneapolis wheat was up a penny at $6.04¼.
“The slow planting pace in areas of the eastern Corn Belt is catching the attention of traders,” said Bob Linneman, commodities broker with Kluis Commodity Advisors. “In particular, Ohio is reported to be 54% planted, compared to the five-year average of 73%. Traders may add risk premium to prices if the next update is still lagging.”
This morning USDA announced new export sales:
- Mexico is buying 104,000 metric tons of corn for the 2024/2025 marketing year, and
- Unknown destinations are buying 101,096 metric tons of corn for the 2024/2025 marketing year.
August live cattle were up $1.18 at $209.35 per hundredweight (cwt), as of 8:50 a.m. CT. August feeder cattle were up $2.03 at $297.65 per cwt. July lean hogs were down 18¢ at $103.13 per cwt.
July crude oil was down 63¢ at $61.21 per barrel.
June S&P 500 futures were up 29 points. June Dow futures were up 33 points.
The U.S. Dollar Index June contract was down to 99.38, as of 8:51 a.m. CT.
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.
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