Corn and Soy Close Higher

March corn ended the first trading day of 2025 up a penny at $4.59½ per bushel.

March soybeans closed up 1½¢ at $10.12 per bushel.

March wheat contracts closed lower. CBOT wheat closed down 5¾¢ at $5.45¾ per bushel. KC wheat was down 7½¢ at $5.51¾ per bushel. Minneapolis wheat was down 6¼¢ at $5.89½ per bushel.

“Corn ended the day slightly higher as strong demand continues to provide underlying support to the market,” said the Grain Market Insider newsletter by Stewart-Peterson Inc. “March corn has closed higher in eight of the last nine trading days.  

“Soybean futures held onto fractional gains to start the year; support today came from higher soybean meal futures while soybean oil was lower.

“Wheat futures began the year on a softer note as the U.S. Dollar Index surged to a 26-month high today.”

February live cattle closed up $2 at $193.60 per hundredweight (cwt). March feeder cattle closed up $3.23 at $266.20 per cwt. February lean hogs closed down 15¢ at 81.15 per cwt.

February crude oil is currently up $1.38.

March S&P 500 futures and Dow futures are currently down 13 points and 152 points, respectively.

Published: 3:32 p.m. CT

Grains Start Year in the Red: 9:40 a.m. CT

March corn is down a penny this morning on the first trading day of 2025.

March soybeans are down 5¢.

March wheat contracts are also lower this morning. CBOT wheat is down 8¼¢. KC wheat is down 5½¢. Minneapolis wheat is down 5¢.

February live cattle are up 55¢ this morning. March feeder cattle are up $2.40. February lean hogs are down 65¢.

February crude oil is up $1.64.

The U.S. Dollar Index March contract is up to 108.73.

March S&P 500 futures are up 20 points. March Dow futures are up 117 points.

Published: 9:40 a.m. CT