After the market closed, corn was 1¾ cents in May at 4.70¼ per bushel.
Soybeans were 10.11¼ per bushel, and 2¾¢ was weak.
“It started with a mix of futures,” said Karl Setzer, partner at Consus AG Consulting. [Tuesday’s] Sessions with positioning prior to monthly supply and demand data. ”
The market was moving after the release of the Global Agricultural Demand and Supply Estimates (WASDE) report in March 2025. For more information and market reactions, please see here.
However, Setzer added that there is a transition from WASDE's report. “The renewal of trade with Canada has become a market focus as it announced that it will increase tariffs on Canadian steel and aluminum to 50%, following Canada's 25% tariff.
After WASDE's report, the market closed low in wheat. CBOT wheat was 5¾ cents per bushel. KC wheat dropped 6½¢ at $5.72 per bushel. Minneapolis wheat fell to 7¼er at 5.97¼ per bushel.
Live cows in April lost $1.02 at $199.55 per 100 body weight (CWT). The feeder cow in April was 22¢ lower, at $277.70 per CWT. April Lean Hog dropped $1.75 at $86.55 per CWT.
Before 3pm, crude oil rose 50 cents at $66.53 per barrel in April.
March S&P 500 futures fell 17 points. The March Dow Futures dropped 300 points.
The March Us Dollar Index fell by 688 points.
Published: 3:20pm
Market up before WASDE report: 9:25am CT
Shortly before the 9am CT, corn rose 3¢ in May at $4.75 per bushel.
The March 2025 World Agricultural Supply Estimate (WASDE) is expected to be released later that day, said Austin Schroeder, lead analyst at Brugler Marketing and Management: [were] It has now reached 151.6 billion bushels in hopes of a 24 million bushel cut in the US corn take-out projection. Worldwide, traders [were] Looking for Argentina's total, trimmed 49 MMT from 1 million tonnes (MMT), Brazil has not changed at 126 MMT.
Soybeans could have been 6¼¢ higher at 10.20¼ per bushel.
Schroeder said, “Trader [were] We are looking for no major changes to the US carryout number at 379 million bushels. The average trade estimate for Argentine production is 49 MMT vs. 49 MMT in February, with Brazil expected to increase by 500,000 metric tons at 169.5 mmt. End of the world stocks can be found from 220,000 tons to 124.56 mmt.
The market has been lowered by a day due to the wheat trade. CBOT wheat fell 4 cents at $5.58½ per bushel. KC wheat dropped 3½¢ at $5.75 per bushel. Minneapolis wheat fell to 6¾cents at 5.97¾ per bushel.
Live cows in April lost 7 cents at $200.50 per 100 weight (CWT). The feeder cow in April was $1.75 more at $279.67 per CWT. Lean pigs in April were 2¢ lower at $88.27 per CWT.
Crude oil in April was 95 cents at $66.98 a barrel.
March S&P 500 futures rose 5 points. The March Dow Futures dropped 200 points.
The March Us Dollar Index fell by 578 points.
Published: 9:25am CT
