Weaker Session in Grains. Friday, Feb. 21, 2025
Just before 9:00 a.m. CT, May corn was down 3¼¢ at $5.09½ per bushel.
May soybeans were 5¾¢ weaker at $10.57¼ per bushel.
“We had the [USDA] export sales report, that was decent. I think we’re just taking a little money off of the table ahead of the weekend,” Lead Analyst at Brugler Marketing and Management Austin Schroeder said, adding the markets were a little weaker starting off the trading day, “On the wheat side, we’re struggling over there. Exports were struggling over there.”
May wheat contracts saw some upward movement. CBOT wheat was 2¾¢ higher at $6.03 per bushel. KC wheat was 2¾¢ up at $6.22¾ per bushel. Minneapolis wheat was 2¼¢ in the green at $6.50 per bushel.
April live cattle were up 17¢ at $193.97 per hundredweight (cwt). March feeder cattle were 90¢ higher at $267.72 per cwt. April lean hogs fell 10¢ at $88.42 per cwt.
April crude oil was down $1.09 at $71.39 per barrel.
March S&P 500 futures were down 12 points. March Dow futures dropped 302 points.
The March U.S. Dollar Index was up 106 points.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
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