Corn and Beans Close Higher

At the market close, July corn was up 8¼¢ at $4.88¾ per bushel.

May soybeans increased 16¼¢ at $10.29 per bushel.

Jamey Kohake, Senior Risk Manager with Pinion said there was solid trade in row crops after the World Agricultural Supply and Demand Estimate (WASDE) report was released by the USDA, “Kind of firmed the beans up more than it did the corn. You throw in a sharply lower traded U.S. Dollar as well, you’ll be selling quite a bit of short covering into soy products.”

You can read more about the WASDE report here.

“The key going forward is going to be demand still, bean exports were pretty soft, corn had backed off as well compared to last week,” Kohake added, “But we’re going to get back to some key areas hopefully in the next week or two coming into planting season where we start to hedge that again, and kind of retrace these last losses.”

May wheat markets saw red on Thursday. CBOT wheat was down 4¼¢ at $5.38 per bushel. KC wheat was 10¢ lower at $5.58 per bushel. Minneapolis wheat dropped 6¾¢ at $6.02 per bushel.

June live cattle were down $3.17 at $195.20 per hundredweight (cwt). May feeder cattle dropped $2.90 at $275.30 per cwt. June lean hogs were up $1.47 at $93.17 per cwt.

Just before 3:00 p.m. CT, May crude oil was down $2.22 at $60.13 per barrel.

June S&P 500 futures were down 237 points. June Dow futures fell 1386 points.

The June U.S. Dollar Index dropped 1753 points.

Published: 3:19 p.m. CT

Grains Start Day Higher | Thursday, April 10, 2025

Just after 9 a.m. CT, July corn was up 2½¢ at $4.83 per bushel.

May soybeans increased 7¾¢ at $10.20½ per bushel.

“I think we’re trying to adjust both to the tariffs and to the weather. This is the time of year the weather usually tries to bobble up.” Don Roose, president of U.S. Commodities said, adding at start of Thursday’s trade there was anticipation for a USDA report, “We have the monthly World Agricultural Supply and Demand Estimates report and the trade will look at the demand side of the market, probably pretty closely, with all the tariff nervousness that we have.”

May wheat markets dropped Thursday morning. CBOT wheat was down 3½¢ at $5.38¾ per bushel. KC wheat was 2½¢ lower at $5.65½ per bushel. Minneapolis wheat dropped 4¼¢ at $6.04½ per bushel.

June live cattle were down 97¢ at $197.40 per hundredweight (cwt). May feeder cattle fell 92¢ at $277.27 per cwt. June lean hogs increased 47¢ at $92.17 per cwt.

May crude oil was down $3.05 at $59.30 per barrel.

June S&P 500 futures were down 146 points. June Dow futures fell 882 points.

The June U.S. Dollar Index dropped 1418 points.

Published: 9:30 a.m. CT