:max_bytes(150000):strip_icc()/49835363686_a32340d863_o-de64124b4e794864af8b72b874989b1b.jpg "Farmers in 6 States Have Started Planting Corn, USDA Says")
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Ahead of 9:30 a.m. CT, May corn was up 6½¢ at $4.66¾ per bushel.
May soybeans were up 12¢ at $9.89 per bushel.
May wheat contracts were also higher. CBOT wheat was up 16¼¢ at $5.45¼ per bushel. KC wheat was up 13¼¢ at $5.70¾. Minneapolis wheat was up 11¼¢ at $5.95¾.
Naomi Blohm, senior market advisor at Total Farm Marketing, said the shock of the tariff announcements from the White House last week may be factored into the grain markets for now, barring any new developments.
“The collapse in the stock market will force Trump to begin trade negotiations with our major trade partners yet this week,” said Al Kluis, managing director of Kluis Commodity Advisors. “The collapse in the stock and grain markets is putting pressure on the administration and Congress to make some changes, or possibly delay when the tariffs go into effect.”
June live cattle were up $1.08 at $199.28 per hundredweight (cwt) before 9:30 a.m. CT. May feeder cattle were up $1.88 at $276.75 per cwt. June lean hogs were up 90¢ at $92.45 per cwt.
May crude oil was up $1.03 at $63.02 per barrel.
The U.S. Dollar Index June contract was up to 102.86.
June S&P 500 futures were up 97 points. June Dow futures were up 450 points.
Published: 10:13 a.m. CT
:max_bytes(150000):strip_icc()/8293232288_8da55cc72e_o-b324a9331b0a48b487dd867154d53c50.jpg "China Calls U.S. Tariffs ‘Bullying’, Urged Others to Continue With Consultation")
