Corn Up Nearly 4¢. Tuesday, Jan. 28, 2025
Shortly after the market opened at 8:30 a.m. CT, March corn was up 3¾¢.
March soybeans were up 4¢.
March wheat contracts were also higher. CBOT wheat was up 4¾¢. KC wheat was up 2¾¢. Minneapolis wheat was up 4¼¢.
“The stock market was hit with heavy selling pressure yesterday,” said Bob Linneman, commodities broker at Kluis Commodity Advisors, during the overnight session. “If that continues, will we see more money flow to the grain market? The funds are already holding a rather large net-long position in the grains for this time of year.”
This morning, USDA announced South Korea is buying 132,000 metric tons of corn for the 2024/2025 marketing year.
April live cattle were up 53¢ shortly after the market opened. March feeder cattle were up 73¢. April lean hogs were up 53¢.
March crude oil was up 78¢.
The U.S. Dollar Index March contract was up to 107.71.
March S&P 500 futures were up 7 points. March Dow futures were down 24 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.
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