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Grain Prices Surge Amidst Cattle Futures Decline

1/30/2025

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Story summary
  • Grain prices saw an uptick, with March corn rising 12¢ to $4.97, approaching $5.
  • March soybeans increased by 14¢ to $10.60, aiming for last Thursday's peak of $10.76.
  • Wheat prices gained 16¢–19¢ due to reports of reduced Russian exports from weather challenges.
  • Cattle futures experienced selling pressure, with March Feeder Cattle down $2.97 after record highs.
  • The Federal Reserve held short-term interest rates steady, resulting in minimal market impact.