At the close on Thursday, May corn was up 8¼¢ at $4.64 per bushel.
May soybeans closed up 15½¢ at $10.27¼ per bushel.
May wheat contracts were also higher. CBOT wheat closed up 5¾¢ at $5.54 per bushel. KC wheat was up 8¾¢ at $5.65¾. Minneapolis wheat was up 6¢ at $5.94.
Today President Donald Trump postponed tariffs on goods from Canada and Mexico that fall under the U.S.-Mexico-Canada Agreement (USMCA) until April 2, Agri-Pulse reports.
“‘Anything that was covered under the [U.S.-Mexico-Canada] agreement is exempt from the 25% tariff,’ until April 2, a White House official told Agri-Pulse, including potash,” said Agri-Pulse. “‘There’s still the 10% energy tariff,’ the official added, referring to the lower duty applied to Canadian energy exports. The president has also decided to reduce the duty rate that will apply to Canadian potash after April 2 to 10%, the official said.”
The Grain Market Insider newsletter by Stewart-Peterson Inc. said, “Friendly tariff news helped bring buyers into the corn market on Thursday as prices finished with moderately strong gains. It has been a volatile week in the corn market, and the May contract is going into the end of the week still down 5½¢ on the week, but 22¢ off the low for the week.”
April livestock closed mixed today, with live cattle and feeder cattle in the red, and lean hogs in the green.
A little past 3:30 p.m. CT, April crude oil was up 2¢ at $66.33 per barrel.
March S&P 500 futures and Dow futures were down 89 points and 398 points, respectively.
Published: 4:05 p.m. CT
Grains Mixed This Morning: 9:26 a.m. CT
Before 9 a.m. CT, May corn was down less than a penny at $4.55½ per bushel.
May soybeans were up 7½¢ at $10.19¼ per bushel.
May wheat contracts were also higher. CBOT wheat was up less than a penny at $5.49 per bushel. KC wheat was up 1¼¢ at $5.58¼. Minneapolis wheat was up less than a penny at $5.88¼.
This morning USDA released the weekly U.S. Export Sales report. Concerning soybean sales for the 2024/2025 marketing year in the report, Matt Zeller, senior market intelligence analyst at StoneX said: “U.S. exporters sold 13 million bushels of soybeans on the week ending [Feb. 27, 2025], as sales continue to seasonally decline into the last half of the marketing year ....” He also noted soybean sales are 3% ahead of the pace needed to meet USDA’s current estimate for the marketing year.
Zeller said corn is “seasonally stronger,” with sales for the week coming in at 35.8 million bushels, and sales being 8% ahead of the pace needed to meet USDA’s current estimate for the marketing year.
Earlier this morning, USDA announced unknown destinations are buying 20,000 metric tons of soybean oil for the 2024/2025 marketing year.
April livestock were in the red less ahead of 9 a.m. CT.
April crude oil was up 45¢ at $66.76 per barrel.
The U.S. Dollar Index March contract was down to 103.87.
March S&P 500 futures were down 93 points. March Dow futures were down 577 points.
