Grains Mixed This Morning | Thursday, March 6, 2025

A quarter before 9 a.m. CT, May corn was down less than a penny at $4.55½ per bushel.

May soybeans were up 7½¢ at $10.19¼ per bushel.

May wheat contracts were also higher. CBOT wheat was up less than a penny at $5.49 per bushel. KC wheat was up 1¼¢ at $5.58¼. Minneapolis wheat was up less than a penny at $5.88¼.

This morning USDA released the weekly U.S. Export Sales report. Concerning soybean sales for the 2024/2025 marketing year in the report, Matt Zeller, senior market intelligence analyst at StoneX said: “U.S. exporters sold 13 million bushels of soybeans on the week ending last Thursday (2/27), as sales continue to seasonally decline into the last half of the marketing year ….” He also noted soybean sales are 3% ahead of the pace needed to meet USDA’s current estimate for the marketing year.

Zeller said corn is “seasonally stronger,” with sales for the week coming in at 35.8 million bushels, and sales being 8% ahead of the pace needed to meet USDA’s current estimate for the marketing year.

Earlier this morning, USDA announced unknown destinations are buying 20,000 metric tons of soybean oil for the 2024/2025 marketing year.

April livestock were in the red less than a quarter before 9 a.m. CT.

April crude oil was up 45¢ at $66.76 per barrel.

The U.S. Dollar Index March contract was down to 103.87.

March S&P 500 futures were down 93 points. March Dow futures were down 577 points.

Published: 9:26 a.m. CT