Markets End Month Mixed | Monday, March 31, 2025

After the market close, May corn was up 4¢ at $4.57¼ per bushel.

May soybeans fell 8¼¢ at $10.14¾ per bushel.

Karl Setzer, partner with Consus Ag Consulting said: “The early portion of [Monday’s] trade was spent getting final positions in place ahead of the USDA [Prospective Plantings report and quarterly Grain Stocks report], as well as month and quarter end. This favored soybeans and wheat, as those two markets have seen the most selling pressure recently. Soybeans were also supported by a push for uncommitted acres and strength in the energy complex.”

Setzer added: “Wheat was also stronger [Monday], taking support from building drought in the U.S. Plains. Corn struggled to start the week on active plantings and competition from feed wheat. All contracts were pressured early on from a lack of trader interest and unstable outside markets, with more indicators pointing towards a stagnating U.S. economy.”

May wheat markets increased at the start of the week. CBOT wheat was up 8¾¢ at $5.37 per bushel. KC wheat was 5¼¢ higher at $5.57 per bushel. Minneapolis wheat rose 11¢ at $5.92 per bushel.

June live cattle were down $1.20 at $203.65 per hundredweight (cwt). May feeder cattle fell 67¢ at $284.50 per cwt. June lean hogs dropped 50¢ at $95.27 per cwt.

Just before 3:30 p.m. CT, May crude oil was up $2.00 at $71.36 per barrel.

June S&P 500 futures were up 25 points. June Dow futures increased 384 points.

The June U.S. Dollar Index increased 146 points.

Published: 3:30 p.m. CT

Mixed Market Ahead of Reports: 9:26 a.m. CT

Just before 9 a.m. CT, May corn was down ½¢ at $4.52¾ per bushel.

May soybeans jumped 2½¢ at $10.25½ per bushel.

Don Roose, president of U.S. Commodities, said the morning market movement was in preparation of the Prospective Plantings report and quarterly Grain Stocks report set to be released by the USDA on Monday. “I think the bottom line is this report will be the first report on acres that set the tone for next year, and the stocks will set the tone for how good the demand was for the first half of the year,” he said.

May wheat markets fell at the start of the week. CBOT wheat was up ¾¢ at $5.29 per bushel. KC wheat increased ¼¢ at $5.52 per bushel. Minneapolis wheat jumped 1½¢ at $5.82½ per bushel.

June live cattle were down $1.80 at $203.05 per hundredweight (cwt). May feeder cattle fell $2.27 at $282.90 per cwt. June lean hogs dropped $1.80 at $93.97 per cwt.

May crude oil was up 58¢ at $69.94 per barrel.

June S&P 500 futures were down 79 points. June Dow futures dropped 343 points.

The June U.S. Dollar Index increased 106 points.

Published: 9:26 a.m. CT