Soybeans Up Nearly 13¢. Thursday, March 27, 2025
Ahead of 9:30 a.m. CT, May corn was down less than a penny at $4.50½ per bushel.
May soybeans were up 12¾¢ at $10.13¾ per bushel.
May wheat contracts were mixed. CBOT wheat was down 1¼¢ at $5.34 per bushel. KC wheat was up 2¢ at $5.67. Minneapolis wheat was up 4¢ at $5.89¼.
Naomi Blohm, senior market advisor at Total Farm Marketing, said corn is oversold going into Monday, when USDA is expected to release the annual Prospective Plantings and quarterly Grain Stocks reports. The Prospective Plantings report will include estimates for 2025/2026 corn, soybean, and wheat acres. She said traders have priced a four-million-acre year-over-year increase for corn into the market.
This morning USDA released the weekly U.S. Export Sales report. Blohm said corn, soybean, and wheat sales all fell within their respective expected ranges.
June live cattle were down 95¢ at $202.08 per hundredweight (cwt) ahead of 9:30 a.m. CT. May feeder cattle were down $3.48 at $281.70 per cwt. June lean hogs were down $1.90 at $94.65 per cwt.
May crude oil was up a penny at $69.66 per barrel.
The U.S. Dollar Index June contract was down to 104.11.
June S&P 500 futures were down 4 points. June Dow futures were up 22 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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