A round of profit taking today in the cattle markets despite Friday's Cattle on Feed report showing continued herd contraction...
April live cattle fell $2.75 to $239.25 while April feeder cattle dropped $3.70 to $361.35
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Back to ReportsSelected grain contracts at settlement...
Strong export inspections for both corn and wheat limit damage and beans continue to hang in despite loud fears over trade...
May CORN: up ½ cent to $4.40¼
May SOYBEANS: down 3½ cents to $11.49¾
May WHEAT: down 6½ cents to $5.73¾
Our markets opened firmer with corn, beans, bean oil and wheat all pushing higher on technical momentum despite tariff jitters from the Supreme Court striking down Trump's old tarifs though he quickly put new 15% tariffs in place to keep the revenue flowing
Lots of unexpected numbers in this week's export inspections report as each of corn, soybeans, and wheat had figures outside anticipated trade ranges. Corn and wheat inspections both exceeded the high end while soybeans fell short
The U.S. east coast blizzard shifts north, Plains dry for 10 days and central/south are warming up. Argentina's precipitation is mixed while Brazil gets heavy rain from Mato Grosso to Sao Paulo with some flood risk. Australia QLD/NSW crops are drier again with little rain ahead
The USDA has reported a private export sale of 125,000 MT (4.9 million bushels) of corn for delivery to Colombia during MY 2025/2026
At the pause...
Grains are lower on fresh tariff uncertainty after SCOTUS decision. Corn under light pressure, beans noticeably softer and wheat easing steadily into open
May CORN down ¾ cent at $4.39
May SOYBEANS down 6¼ cents at $11.47
May WHEAT down 4¼ cents at 5.76
According to the Renewable Fuels Association, the U.S. exported 2.18 billion gallons of ethanol to over 80 countries producing a record $7.6 billion in 2025. They also shipped over 11.6 million metric tons of distillers grains with Mexico as the biggest buyer
