financetom
World
financetom
/
World
/
GRAINS-CBOT corn rises, soybeans fall with few surprises in USDA data
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GRAINS-CBOT corn rises, soybeans fall with few surprises in USDA data
Mar 31, 2025 10:43 AM

(Updates with U.S. trading, updates headline, byline)

By Renee Hickman

CHICAGO, March 31 (Reuters) - Chicago soybean futures

fell on Monday as old crop stock estimates in a U.S. Department

of Agriculture data release were larger than expected, according

to analysts.

Corn futures rose as U.S. stocks were seen close to trade

estimates in the release, and wheat rose on lower than expected

acreage, analysts said.

Chicago Board of Trade's most-active soybeans fell 5

cents to $10.18 a bushel at 11:16 CST (1618 GMT). Most-active

corn rose 5 cents to $4.58-1/4. Wheat rose 6-1/2 cents to

$5.34-3/4 a bushel.

The U.S. Department of Agriculture released its estimates of

prospective plantings and quarterly grain stocks on Monday,

with analysts polled by Reuters expecting an increase in U.S.

corn and wheat plantings but a reduction in soybean sowings.

Soybean acreage numbers were close to expectations, but

stocks were higher than expected, pressuring futures, said Don

Roose, president of U.S. Commodities.

"We still have big supplies of soybeans domestically, with

competition from South America going on," he said.

Corn planting numbers came in higher than trade estimates

but U.S. corn stocks were estimated at the same level as the

expectations, adding some support, said Roose.

Meanwhile, wheat firmed on lower acreage than the trade

outlook, said Roose, but it continued to hover near contract

lows reached Friday.

"It's a market that had dialed in negative news," said

Roose.

Wheat received some pressure however, from rains forecast

this week in parts of the U.S. and Russian wheat belts as well

as expectations of smoother exports from Russia and Ukraine due

to the U.S.-backed ceasefire deal, analysts said.

Corn, soybeans and wheat also continued to feel pressure

from the looming start date for a swath of tariffs on goods

imported into the U.S., which the administration of President

Donald Trump has said are set to take effect on April 2.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GLOBAL MARKETS-Equities turn lower, as fragile yen remains on intervention watch
GLOBAL MARKETS-Equities turn lower, as fragile yen remains on intervention watch
Apr 24, 2024
(Updated at 2:53 p.m. ET (1853 GMT) By Chris Prentice and Ankur Banerjee NEW YORK/LONDON, April 24 (Reuters) - U.S. and European shares turned lower on Wednesday ahead of more corporate earnings this week and the yen was mired near 34-year lows, keeping traders wary of intervention from Japan. An after-hours surge in shares of electric vehicle maker Tesla, following...
Stock Market Today: Stocks Run Out of Steam Ahead of Meta Earnings
Stock Market Today: Stocks Run Out of Steam Ahead of Meta Earnings
Apr 24, 2024
Following a solid start to the week, stocks spent most of Wednesday struggling for direction. However, a mid-afternoon burst of buying power gave two of the three main indexes another win on the week.  At the close, the Nasdaq Composite was up 0.1% at 15,712 and the S&P 500 was 0.02% higher at 5,071. The Dow Jones Industrial Average, however,...
TSX Closer:  Index Falls by 138 Points as February Retail Sales Dip, BoC Cautious on Rate Cuts
TSX Closer: Index Falls by 138 Points as February Retail Sales Dip, BoC Cautious on Rate Cuts
Apr 24, 2024
04:18 PM EDT, 04/24/2024 (MT Newswires) -- The Toronto Stock Exchange's S&P/TSX Composite Index on Wednesday closed down 138 points to end the session at 21,873.72 points on broad-based losses as retail sales dipped in February and Bank of Canada minutes showed the central bank remains cautious on lowering interest rates. Most sectors were lower, though base metals, up 0.411%,...
CANADA STOCKS-TSX loses winning streak as railroad shares slide
CANADA STOCKS-TSX loses winning streak as railroad shares slide
Apr 24, 2024
* TSX ends down 0.6% at 21,873.72 * Posts first decline in six sessions * Industrial shares lead declines * 10-year yield climbs to a 5-month high (Updates at market close) By Fergal Smith April 24 (Reuters) - Canada's main stock index fell on Wednesday, including declines for railroad shares, as long-term borrowing costs climbed and retail sales data added...
Copyright 2023-2025 - www.financetom.com All Rights Reserved