Grains In the Red. Monday, Feb. 24, 2025

Shortly after 9 a.m., March and May contracts for corn, soybeans, and wheat were in the red.

March corn was down 4¢ at $4.87¼ per bushel. May corn was down 3¼¢ at $5.01¾.

March soybeans were also down 3¼¢ at $10.36¼. May soybeans were down 2½¢ at $10.54¾ per bushel.

March and May contracts had bigger losses. March CBOT wheat was down 8½¢. KC wheat was down 9¾¢. Minneapolis wheat was also down 9¾¢. May CBOT wheat was down 8¼¢. KC wheat was down 9¼¢. Minneapolis wheat was down 9¾¢.

“Corn futures rallied [to] just over $5 per bushel last week….” said Al Kluis. managing director of Kluis Commodity Advisors. “Long-term, I think we can rally back; short-term, it is easy to see corn set back [from] late February-early March.

“Can March corn hold support at $4.90 this week? March soybeans need to hold above $10.20. With March corn trading below $4.90, watch for a test of $4.70….”

April livestock were mixed shortly past 9 a.m. Live cattle were up 8¢ at $194.03 per hundredweight (cwt). Feeder cattle were up 78¢ at $268.33 per cwt. Lean hogs were down 10¢ at $87.58 per cwt.

April crude oil was up 11¢ at $70.51 per barrel.

The U.S. Dollar Index March contract was up to 106.56.

March S&P 500 futures were down 35 points. March Dow futures were down 53 points.

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