Grains Slightly Higher. Thursday, Feb. 13, 2025
Starting off the Thursday trade, just after 9:00 a.m. CT, May corn was up half a penny at $5.04½ per bushel.
March soybeans increased 1¼¢ at $10.29 per bushel.
“The weekly exports were very solid in corn, at the top side of the [expected] range,” said Jamey Kohake, Senior Risk Manager with Pinion, referencing the weekly U.S. Export Sales report from USDA.
Grain production outside of the U.S. is influencing the market today, he added, as Brazil’s second corn crop is in the process of being planted but is a little behind average pace.
“Weekly bean exports were very sluggish,” Kohake said. “Our export window is closing very fast as more of the harvest is coming online down in Brazil. Weather looks good; we’re probably going to be at least a quarter, if not a third, done at the end of this week down there.”
March wheat contracts started the day in the green. CBOT wheat was up 2¾¢ at $5.77 per bushel. KC wheat was 7¢ higher at $5.98½ per bushel. Minneapolis wheat was 3¼¢ stronger at $6.18 per bushel.
April live cattle started the day down 2¢ at $195.70 per hundredweight (cwt). March feeder cattle were 22¢ up at $265.20 per cwt. April lean hogs saw a 40¢ decline at $93.92 per cwt.
March crude oil was 25¢ lower at $71.12 per barrel.
March S&P 500 futures and Dow futures were up 17 points and 80 points, respectively.
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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