Markets Mixed at Month End. Friday, Feb. 28, 2025
Shortly before 9:00 a.m. CT, May corn was down 1¢ at $4.80 per bushel.
May soybeans were 4¾¢ higher at $10.42 per bushel.
Don Roose, president of U.S. Commodities said, “It’s first notice day on the grain and the bull attitude continues to fade. Funds are still huge longs in the corn, liquidating at the end of the month rather than buying. The bottom line this week was the outlook forum we had [Thursday and Friday], it kind of continued to put a negative shield over the top of this market because ending stocks were going up, acres going up, and prices going down.”
May wheat contracts saw a mixed trade starting off the day. CBOT wheat was 4½¢ more at $5.67 per bushel. KC wheat dropped 1¢ at $5.84¼¢ per bushel. Minneapolis wheat was up 1¢ at $6.05¾¢ per bushel.
April live cattle were down 35¢ at $195.77 per hundredweight (cwt). March feeder cattle were up 92¢ at $276.47 per cwt. April lean hogs were 57¢ stronger at $84.95 per cwt.
April crude oil was down $89¢ at $69.46 per barrel.
March S&P 500 futures were up 6 points. March Dow futures increased 143 points.
Further development of the grain sector in the Black Sea and Danube region will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv.
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