Walt Disney has produced 63 full-length feature films; the first one was _______ in 1937…
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Grain Market Insight
Afternoon Grain Comments 04-24-25- StoneX reporting, “Soybeans, despite the tariff risks with China in the next 5 months, traded positively as soybean oil once again led the complex higher along with crush margins. It was once again the hope of a subsidy rescue, a bigger biodiesel mandate, and the tightening world vegoil tables that drew in between 8 and 10K contracts of speculative buying.” The export sales report this morning showed 45.4 million bushels of corn sales, which was on the higher end of the trade estimates. Soybeans were at 10.2 million bushels and milo had 800,000 bushels. Wheat sales were 8.4 million bushels. The BA exchange reported Argentina’s bean crop G/E rating at 43 percent, which is up 5 points from last week. So far, it is the best rated crop for this week in the last five years. For corn, the BA exchange reported Argentina’s G/E at 37 percent, up 3 points from last week. At the close, cash wheat was unchanged, milo and corn were 5 cents higher and soybeans were 13 cents higher. Have a good evening.
Morning Grain Comments 4-24-2025 – The grain markets were mixed much of the night session with corn and soybeans trading higher throughout the session with each leaving gaps of less than a penny. The StoneX Quick Editorial (QE) this morning stated “soybeans and bean oil are continuing their mini-run this morning, both back near recent move highs; the “hope” for a U.S.-China trade war negotiation appears to still be just that at this point, with no real evidence that the two sides are on track to work anything out, despite rhetoric to the contrary from President Trump. Regardless, spec funds have flipped a small net soybean negative into an estimated 50k+ net positive position in just over two weeks and moved beans safely back above the $10/bushel mark across the board. Theoretically, a massive projected U.S. corn area will get planted in early May as well, after the Midwest weather pattern flips from wet to dry—that should leave U.S. soy supplies and stocks steady-to-lower heading into the 2025/26 marketing season...” The export sales report this morning at 7:30 showed 45.4 million bushels of corn sales which was in the upper 1/3rd of the pre-report trade estimates, there were 10.2 million bushels of soybean sales, 800,000 bushels of milo sales, and a net of 8.4 million bushels of wheat sales with 5.3 million bushels of old crop cancellations and 13.7 million bushels of new crop sales. In world grain trade news, farm cooperatives in Germany estimated the wheat production there at 787 million bushels which is said to be 16% higher than last year. At the end of the night session at 7:45 this morning, Kansas City May wheat was 3.5 cents lower, Chicago May corn was up 1.75 cents, and Chicago May soybeans were 4.5 cents higher. Have wonderful day.
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Futures
@C - CORN - CBOT
Month
Open
High
Low
Last
Change
Close
Time
More
May 25
477'0
480'2
476'6
478'6
1'4
477'2
06:58A
Jul 25
483'2
487'2
483'2
485'4
1'4
484'0
06:58A
Sep 25
445'4
447'6
445'2
446'2
-0'2
446'4
06:58A
Dec 25
455'4
457'6
455'2
456'2
-0'2
456'4
06:57A
Mar 26
470'4
472'0
470'0
470'6
-0'2
471'0
06:58A
May 26
479'2
481'0
479'0
479'6
-0'2
480'0
06:57A
Jul 26
484'2
486'2
484'2
485'2
0'0
485'2
06:57A
Sep 26
465'0
467'6
465'0
467'6
0'4
467'2
06:57A
@KW - HARD RED WINTER WHEAT - CBOT
Month
Open
High
Low
Last
Change
Close
Time
More
May 25
538'4
544'0
537'4
542'4
4'6
537'6
06:58A
Jul 25
552'2
557'0
549'6
555'4
4'6
550'6
06:58A
Sep 25
566'4
571'4
564'6
570'0
4'2
565'6
06:58A
Dec 25
591'2
594'6
588'4
593'4
4'2
589'2
06:58A
Mar 26
611'0
614'2
608'6
613'2
4'0
609'2
06:58A
May 26
618'0
618'0
612'6
617'6
1'4
619'4s
06:58A
Jul 26
621'0
621'0
621'0
621'0
-1'0
622'0
06:58A
Sep 26
631'4
631'4
631'4
631'4
0'0
631'4
06:58A
@S - SOYBEANS - CBOT
Month
Open
High
Low
Last
Change
Close
Time
More
May 25
1053'0
1058'0
1052'0
1055'4
2'4
1053'0
06:57A
Jul 25
1062'0
1067'4
1060'4
1065'6
3'6
1062'0
06:58A
Aug 25
1054'2
1060'2
1054'0
1059'0
4'6
1054'2
06:57A
Sep 25
1032'0
1039'2
1032'0
1038'2
6'2
1032'0
06:58A
Nov 25
1035'6
1043'2
1034'6
1042'0
6'4
1035'4
06:58A
Jan 26
1047'4
1055'0
1047'4
1054'0
6'4
1047'4
06:58A
Mar 26
1051'4
1058'0
1051'0
1057'0
6'0
1051'0
06:58A
May 26
1057'0
1063'6
1057'0
1062'6
5'4
1057'2
06:58A
@LE - LIVE CATTLE - CME
Month
Open
High
Low
Last
Change
Close
Time
More
Apr 25
212.700
213.775
212.350
213.625
0.800
213.500s
04/24
Jun 25
207.950
208.450
207.000
208.075
- 0.100
208.000s
04/24
Aug 25
203.650
204.425
203.050
204.075
0.225
204.100s
04/24
Oct 25
201.425
202.200
201.000
202.025
0.375
202.075s
04/24
Dec 25
201.475
202.175
201.025
202.025
0.350
202.100s
04/24
@GF - FEEDER CATTLE - CME
Month
Open
High
Low
Last
Change
Close
Time
More
May 25
288.200
289.500
287.925
289.400
0.725
289.075s
04/24
Aug 25
292.375
292.925
290.950
292.875
0.525
292.700s
04/24
Sep 25
291.125
291.925
290.075
291.775
0.575
291.775s
04/24
Oct 25
289.300
290.000
288.200
290.000
0.550
289.875s
04/24
Nov 25
286.650
287.525
285.725
287.525
0.650
287.425s
04/24
My Custom Markets
Symbol
Open
High
Low
Last
Change
Close
Time
More
Map
This Day In History
April 25, 1905
Latest day of 1st-class cricket in an Aust season (NSW v Qld)