Corn Closes Down 13¢ | Tuesday, April 29, 2025

July corn ended the day down 13¢ at $4.70¼ per bushel.

July soybeans closed down 9¾¢ at $10.52¾ per bushel.

July wheat contracts also closed lower. CBOT wheat ended the day down 5½¢ at $5.25½ per bushel. KC wheat was down 8¾¢ at $5.31. Minneapolis wheat was down 4¢ at $5.92¾.

“Favorable U.S. weather conditions and few disruptions to the planting season were primary factors for the negative trade, but we did see pressure from the outside markets, mainly negative economic indicators,” said Karl Setzer, partner at Consus Ag Consulting.

June live cattle ended the day up 60¢ at $210.20 per hundredweight (cwt). August feeder cattle closed up $1.95 at $296.90 per cwt. June lean hogs were down $1.55 at $99.45 per cwt.

Ahead of 4 p.m. CT, June crude oil was down $1.87 at $60.18 per barrel.

June S&P 500 futures were up 28 points. June Dow futures were up 364 points.

Published: 4:13 p.m. CT

Corn and Soy in the Red: 9:33 a.m. CT

A little after 8:30 a.m. CT, July corn was down a penny at $4.82¼ per bushel.

July soybeans were down 7¢ at $10.55½ per bushel.

July wheat contracts were higher. CBOT wheat was up 4¼¢ at $5.35¼ per bushel. KC wheat was up a penny at $5.40¾. Minneapolis wheat was up 3¢ at $5.99¾.

“Corn and soybean futures are in the red at the end of early trading, under pressure from favorable U.S. planting progress, further weakness in crude oil futures, and a stronger dollar,” said The Brock Report this morning, speaking of the overnight session. “Wheat futures, however, are slightly higher on support from speculative short covering, despite a larger-than-expected rise in the weekly U.S. winter wheat crop rating [in USDA’s Crop Progress report released yesterday].”

This morning, USDA announced new export sales:

• Spain is buying 120,000 metric tons of corn for the 2024/2025 marketing year.
• Unknown destinations are buying 110,000 metric tons of soybeans for the 2024/2025 marketing year.

June live cattle were up 48¢ at $210.08 per hundredweight (cwt) shortly past 8:30 a.m. CT. August feeder cattle were up 80¢ at $295.75 per cwt. June lean hogs were down 25¢ at $100.75 per cwt.

June crude oil was down 95¢ at $61.10 per barrel.

The U.S. Dollar Index June contract was up to 98.86.

June S&P 500 futures were down 19 points. June Dow futures were up 20 points.

Published: 9:33 a.m. CT