Soybeans Up 15¢. Tuesday, Jan. 21, 2025
Just ahead of 9 a.m. CT, March corn was down less than a penny.
March soybeans were up 15¢.
March wheat contracts were also higher. CBOT wheat was up 13¾¢. KC wheat was up 13¢. Minneapolis wheat was up 8¾¢.
“Grain and soybean futures mostly extended gains in early trading after President Trump held off issuing any executive orders for new tariffs on his first day in office,” said The Brock Report of the overnight session. “A weaker dollar has contributed to the gains, while corn and soybean futures have also found support from renewed concerns about crop conditions in Argentina after weekend rains provided only limited relief across much of that country’s main crop belt.”
April live cattle were up 25¢ ahead of the 9 a.m. CT hour. March feeder cattle were up $1.18. April lean hogs were up 68¢.
March crude oil was down $1.44.
The U.S. Dollar Index March contract was down to 108.20.
March S&P 500 futures were up 27 points. March Dow futures were up 273 points.
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