Grains Higher This Morning. Wednesday, Jan. 22, 2025
Shortly after the 8:30 a.m. CT open, March corn was up 1¾¢.
March soybeans were up 2¢.
March wheat contracts were also higher. CBOT wheat was up 7½¢. KC wheat was up 9½¢. Minneapolis wheat was up 5¾¢.
Naomi Blohm, senior market advisor at Total Farm Marketing, said funds are buying soybeans on the “lack of immediate trade war” under the new presidential administration and warm weather in Argentina. She said they are also buying wheat “because it is cheap and now maybe the market is starting to trade the reality of tight global wheat ending stocks.”
Earlier this morning, USDA announced unknown destinations are buying 136,000 metric tons of corn for the 2024/2025 marketing year.
April live cattle were up 43¢ shortly past 8:30 a.m. CT. March feeder cattle were up 75¢. April lean hogs were up 18¢.
March crude oil was down 11¢.
The U.S. Dollar Index March contract was up to 107.95.
March S&P 500 futures were up 29 points. March Dow futures were up 88 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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