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.
