A little past 8:30 a.m. CT, May corn was up 2½¢ at $4.60¼ per bushel.
May soybeans were up 6¼¢ at $10.08 per bushel.
May wheat contracts were also higher. CBOT wheat was up less than a penny at $5.43½ per bushel. KC wheat was up 3¢ at $5.72¼. Minneapolis wheat was up 1¾¢ at $5.90¼.
On Monday, USDA is expected to release the annual Prospective Plantings report, which will include estimates for 2025/2026 corn, soybean, and wheat acres, and the quarterly Grain Stocks report.
“The odds of a market-moving surprise in these numbers are high this year — in either direction,” said Arlan Suderman, chief commodities economist at StoneX. “The stocks reports are known for their market-moving surprises, and the ranges of expectations for acreage are wide this year as well. This just adds one more unknown for the grain and oilseed markets, keeping them in a choppy sideways trading range as we move through this week’s trade.”
June live cattle were up 58¢ at $202.90 per hundredweight (cwt) a little past 8:30 a.m. CT. May feeder cattle were up $1.18 at $285.30 per cwt. June lean hogs were down 53¢ at $95.73 per cwt.
May crude oil was up 84¢ at $69.84 per barrel.
The U.S. Dollar Index June contract was up to 104.07.
June S&P 500 futures were up 2 points. June Dow futures were up 173 points.
Published: 9:09 a.m. CT