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Just before 9:00 a.m. CT, May corn was down 6¢ at $4.87½¢ per bushel.
May soybeans were 4¢ stronger at $10.45¼¢ per bushel.
Jamey Kohake, Senior Risk Manager with Pinion said, “Really, the big news is from the [USDA Agricultural Outlook Forum], 94 million corn acres are expected to be planted. Corn was trading sharply lower off of it.”
May wheat contracts saw a sharp decrease at the open. CBOT wheat was down 10¾¢ at $5.69 per bushel. KC wheat dropped 10¢ at $5.88½¢ per bushel. Minneapolis wheat was 6¢ lower at $6.11¾¢ per bushel.
Livestock saw mixed trade in the morning, April live cattle were $1.17 higher at $195.80 per hundredweight (cwt). March feeder cattle were up $2.05 at $275.57 per cwt. April lean hogs were down $1.40 at $86.90 per cwt.
April crude oil was up $1.17 at $69.79 per barrel.
March S&P 500 futures were up 17 points. March Dow futures rose 219 points.
The March U.S. Dollar Index was up 701 points.
Published: 9:12 a.m. CT
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