Corn Prices Start Down. Thursday, Feb. 27, 2025
Just before 9:00 a.m. CT, May corn was down 6¢ at $4.87½¢ per bushel.
May soybeans were 4¢ stronger at $10.45¼¢ per bushel.
Jamey Kohake, Senior Risk Manager with Pinion said, “Really, the big news is from the [USDA Agricultural Outlook Forum], 94 million corn acres are expected to be planted. Corn was trading sharply lower off of it.”
May wheat contracts saw a sharp decrease at the open. CBOT wheat was 10¾¢ down at $5.69 per bushel. KC wheat dropped 10¢ at $5.88½¢ per bushel. Minneapolis wheat was 6¢ lower at $6.11¾¢ per bushel.
Livestock saw mixed trade in the morning, April live cattle were $1.17 higher at $195.80 per hundredweight (cwt). March feeder cattle were $2.05 up at $275.57 per cwt. April lean hogs were down $1.40 at $86.90 per cwt.
April crude oil was up $1.17 at $69.79 per barrel.
March S&P 500 futures were up 17 points. March Dow futures rose 219 points.
Further development of the grain sector in the Black Sea and Danube region will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv.
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