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.

Tags: corn, soybeans, wheat, futures, live cattle, feeder cattle, lean hogs