March Corn Closes Above $5

Today, March and May grain contracts ended the day higher. March corn closed up 5¾¢ at $5.02 per bushel. This was the first daily close above $5 for the nearby corn contract since October 2023. May corn ended the day up 7¢ at $5.15¾ per bushel.

March soybeans closed up 2½¢ at $10.38½ per bushel. May soybeans were up 2¾¢ at $10.55½ per bushel.

For CBOT wheat, March was up 4¾¢ at $6.04¾ per bushel, while May was up 4¼¢ at $6.17¾ per bushel. March KC wheat was up 6¢ at $6.27¼ per bushel. May KC wheat was up 6½¢ at $6.39¼ per bushel. For Minneapolis wheat, the March contract was up 7½¢ at $6.41 per bushel and May was up 6½¢ at $6.55¾ per bushel.

Livestock ended the day mixed, with April live cattle lower and March feeder cattle and April lean hogs in the green.

Ahead of 3:30 p.m. CT, April crude oil was up $1.05 at $71.76 per barrel.

March S&P 500 futures and Dow futures were up 15 points, and 21 points, respectively.

Published: 3:37 p.m. CT

Corn and Soy Start Short Week in the Green: 9:50 a.m. CT

A few minutes ahead of 9:30 a.m. CT, May corn was up 2¢ at $5.10¾ per bushel.

May soybeans were up less than a penny at $10.53 per bushel.

May wheat contracts were lower. CBOT wheat was down 3½¢ at $6.10 per bushel. KC wheat was down 4¾¢ at $6.28 per bushel. Minneapolis wheat was down 1½¢ at $6.47¾ per bushel.

“President Trump’s reciprocal tariff plan continues to garner attention in the commodity markets, as traders try to assess the impact on demand for U.S. products,” said Arlan Suderman, chief commodities economist at StoneX. “I wrote about this last week, but more details were released over the weekend. While traders remain nervous, they found comfort in the fact that the tariffs are not immediate, and on Trump’s stated purpose of using the tariffs to bring other nation’s charging the [U.S.] tariffs to the negotiating table to reduce those tariffs, which could, in the end, increase demand for U.S. commodities.”

April live cattle were down $1.08 at $193.18 per hundredweight (cwt) before 9:30 a.m. CT. March feeder cattle were up $1.13 at $267.48 per cwt. April lean hogs were up $1.30 at $93.90 per cwt.

April crude oil was up 74¢ at $71.45 per barrel.

The U.S. Dollar Index March contract was up to 106.83.

March S&P 500 futures were up 1 point. March Dow futures were down 111 points.

Published: 9:50 a.m. CT