Soybeans Start Strong. Thursday, Feb. 20, 2025
May corn just before 9:00 a.m. CT was 1½¢ higher at $5.13¾ per bushel.
May soybeans jumped 6¢ at $10.54¼ per bushel.
The markets started off this morning with firmer trade according to Jamey Kohake, Senior Risk Manager with Pinion, “Managed money continued their position on really solid demand with corn and still some dicey issues with weather in Argentina.”
May wheat contracts were mixed after the market open. CBOT wheat was 3½¢ weaker at $6.03 per bushel. KC wheat was 1¾¢ down at $6.24½ per bushel. Minneapolis wheat was 4¼¢ stronger at $6.52½ per bushel.
April live cattle was 80¢ down at $193.97 per hundredweight (cwt). March feeder cattle were $1.60 lower at $267.42 per cwt. April lean hogs were 5¢ higher at $89.80 per cwt.
April crude oil was 44¢ higher at $72.54 per barrel.
March S&P 500 futures were down 36 points. March Dow futures dropped 266 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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