Soybeans Sink Below $10. Tuesday, March 4, 2025

Shortly before 9 a.m. CT, May corn was down 6½¢ at $4.49¾ per bushel.

May soybeans were down 15¢ at $9.96½ per bushel.

May wheat contracts were also lower. CBOT wheat was down 11¢ at $5.36¾ per bushel. KC wheat was down 13¼¢ at $5.48¾. Minneapolis wheat was down 6¾¢ at $5.84½.

“As tariffs take effect today, watch for any last-minute negotiations,” said Cole Raisbeck, commodities broker with Kluis Commodity Advisors. “Keep an eye on potential retaliatory measures from Canada, Mexico, and China. Has the market already priced in these tariffs? Or is more volatility ahead?”

Earlier this morning, USDA announced new export sales:

• South Korea is buying 130,000 metric tons of white wheat for the 2024/2025 marketing year
• Unknown destinations are buying 20,000 metric tons of soybean oil for the 2024/2025 marketing year.

April livestock were in the red a little before 9 a.m. CT. Live cattle were down $1.65 at $190.60 per hundredweight (cwt). Feeder cattle were down $3.55 at $268.50 per cwt. Lean hogs were down $1.33 at $82.38 per cwt.

April crude oil was down $1.40 at $66.97 per barrel.

The U.S. Dollar Index March contract was down to 106.17.

March S&P 500 futures were down 69 points. March Dow futures were down 547 points.

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