Grains Start Morning Mixed. Thursday, Feb. 6, 2025
There was a mixed trading session overnight, then starting the 8:30 a.m CT open, the Thursday morning March corn contract was down 1¢ at $4.93 per bushel.
March soybeans increased 3¢ to $10.60 per bushel.
The wheat morning session started slightly higher. CBOT saw wheat 1¾¢ up at $5.74 per bushel. KC wheat jumped 2¢ to $5.93¾ per bushel. Minneapolis wheat bumped up ½¢ per bushel to $6.19.
Market analyst Angie Setzer with Consus Ag Consulting pointed to a rebound from Wednesday to Thursday, “Beans gave back all that they had gained the day prior on a lack of progress between the US and China, with the added influence of rains in Argentina. After trying to trade to new highs for the move, corn and wheat also ran into selling pressure.”
Mixed trade in the livestock sector, just after 8:30 a.m CT. April live cattle were down 90¢ at $200.40 per hundredweight (cwt). Feeder cattle in March fell $1.05 per cwt at $269.67. April lean hogs saw some green, up 27¢ at $91.82 per cwt.
March crude oil increased 50¢ at $71.53 per barrel.
The U.S. Dollar Index March contract is 0.288 points higher at 107.73.
March S&P 500 futures were up 10 points. With the Dow March contract 43 points higher.
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