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Grains Start Day in the Red. Tuesday, May 13, 2025

Published May 14, 2025

Tridge summary

Grain and soybean futures are experiencing a decline due to faster-than-expected U.S. planting progress and strong U.S. production prospects. Corn and soybean contracts are under the most pressure. Wheat futures have reached new lows due to these factors and a better-than-expected U.S. winter wheat crop rating. In contrast, live cattle, feeder cattle, and lean hogs futures are also down. Meanwhile, June crude oil was up and the U.S. Dollar Index June contract was down, along with futures for the S& P 500 and Dow.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As of 8:30 a.m. CT, July corn was down 3¾¢ at $4.44¼ per bushel. July soybeans were down 4½¢ at $10.66¾ per bushel. July wheat contracts were also lower. CBOT wheat was down 6¢ at $5.09¼ per bushel. KC wheat was down 4¢ at $5.04. Minneapolis wheat was down 4½¢ at $5.79½. “Grain and soybean futures are in the red at the end of early trading with corn and soybean contracts under renewed pressure from faster-than-expected U.S. planting progress,” said The Brock Report, speaking about the overnight session. “Wheat futures have fallen to new lows again, under pressure from strong U.S. production prospects, which have been underscored by a better-than-expected U.S. winter wheat crop rating [in the weekly USDA Crop Progress report] and speedy spring wheat planting progress.” June live cattle were down 13¢ at $216.70 per hundredweight (cwt) as of 8:30 a.m. CT. August feeder cattle were down 33¢ at $306.05 per cwt. June lean hogs were down 55¢ at $97.75 per cwt. June crude oil was up ...

Source: UkrAgroConsult