Soybeans Start 16¢ Higher. Monday, May 12, 2025
Just after 9:00 a.m. CT, July corn was up 2¾¢ at $4.52½ per bushel.
July soybeans were 16½¢ higher at $10.68¼ per bushel.
“Row crops looking very, very solid. Getting a nice, knee-jerk reaction based on tariffs being lowered with China announced [Sunday] afternoon.” Jamey Kohake, senior risk manager with Pinion said, “[This is] really bringing the soy market up, pulling corn up with it.”
July wheat markets were mixed to start the week. CBOT wheat was up 3¢ at $5.21¼ per bushel. KC wheat was 3¾¢ more at $5.21¼ per bushel. Minneapolis wheat was down 1¢ at $5.92½ per bushel.
June live cattle were up $1.65 at $216.32 per hundredweight (cwt). August feeder cattle jumped $3.60 at $303.90 per cwt. June lean hogs were $1.55 higher at $99.12 per cwt.
June crude oil was up $1.87 at $62.89 per barrel.
June S&P 500 futures were up 148 points. June Dow futures increased 1005 points.
The June U.S. Dollar Index jumped 1227 points.
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