Weaker Start in Grain. Wednesday, Feb. 26, 2025
At the market open, just after 8:30 a.m. CT, May corn was down 2¢ at $4.96¼¢ per bushel.
May soybeans were 3¢ weaker at $10.45¾¢ per bushel.
“The bottom line is the market is adjusting up on corn after a slide down, ahead of the the 101st annual USDA Agricultural Outlook Forum,” Don Roose, President of U.S. Commodities said, “So, I think it’s balancing ahead of that and watching how these tariffs go forward with Mexico and Canada on March 4th.”
May wheat contracts were mostly lower at the open. CBOT wheat was down a penny at $5.86¾¢ per bushel. KC wheat was unchanged at $6.05½¢ per bushel. Minneapolis wheat was down 3¼¢ at $6.25½¢ per bushel.
April live cattle were up 2¢ at $195.75 per hundredweight (cwt). March feeder cattle jumped 15¢ at $273.95 per cwt. April lean hogs increased 22¢ at $86.80 per cwt.
April crude oil was 3¢ higher at $68.90 per barrel.
March S&P 500 futures were up 10 points. March Dow futures were down 39 points.
The March U.S. Dollar Index increased 187 points.
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