Soybeans Close Down 10¢ | Friday, May 30, 2025

July corn ended the day down 3¢ at $4.44 per bushel.

July soybeans closed down 10¢ at $10.41¾ per bushel.

July wheat contracts closed mostly higher. CBOT wheat ended the day unchanged at $5.34 per bushel. KC wheat was up 1½¢ at $5.33¼. Minneapolis wheat was up 10¢ at $6.25½.

“Friday’s trading session started out mixed, but by mid-day, futures were favoring the downside,” said Karl Setzer, partner at Consus Ag Consulting. “This is the path of least resistance in the market, and without fresh news, futures struggle to rally.

“Heightened trade worries impacted the market today as President Trump announced he was very upset with China not following through on trade agreements. This raises the uncertainty in the market as we do not know what the ramifications of this dispute will be, but most analysts expect to see additional Chinese tariffs. This weighed on trade today, as did the lack of a bullish weather story.

“Crude oil was under pressure today following the OPEC+ announcement to raise production. Fresh news was quite thin today, and this applied additional pressure, especially with today being month end.”

August live cattle ended the day down 73¢ at $209.35 per hundredweight (cwt). August feeder cattle closed down $1.10 at $298.83 per cwt. July lean hogs were up $1.95 at $104.93 per cwt.

As of 2:32 p.m. CT, July crude oil was down 20¢ at $60.74 per barrel.

June S&P 500 futures were down 3 points. June Dow futures were up 103 points.

Published: 2:58 p.m. CT

Soybeans Lower This Morning: 9:35 a.m. CT

Ahead of 9 a.m. CT, July corn was unchanged at $4.47 per bushel.

July soybeans were down 3½¢ at $10.48¼ per bushel.

July wheat contracts were higher. CBOT wheat was up less than a penny at $5.34¾ per bushel. KC wheat was up 1¼¢ at $5.33. Minneapolis wheat was up 4½¢ at $6.20.

This morning, USDA announced unknown destinations are buying 210,560 metric tons of corn —145,560 metric tons for the 2024/2025 marketing year and 65,000 metric tons for the 2025/2026 marketing year.

Also this morning, USDA released the weekly U.S. Export Sales report. It was delayed a day because Monday was a holiday. The Brock Report described sales as “underwhelming for corn and a disappointment for soybeans.”

August live cattle were up 50¢ at $210.58 per hundredweight (cwt) ahead of 9 a.m. CT. August feeder cattle were up 83¢ at $300.75 per cwt. July lean hogs were up 33¢ at $103.30 per cwt.

July crude oil was down 71¢ at $60.23 per barrel.

The U.S. Dollar Index June contract was up to 99.57.

June S&P 500 futures were down 27 points. June Dow futures were down 34 points.

Published: 9:35 a.m. CT