Grains, Soybeans Surge; Wheat Mixed

Grains Markets Open Higher: Corn Leads the Way; Soybeans, Wheat, and Oil FollowGrains markets opened higher on Monday, with corn leading the charge. The front month March twenty-six contract opened at $516, hit a high of $523, and last traded at $522.25, up 7 cents from Friday. Corn strength carried through the curve, with May twenty-six up $6.75 to $534.50, July twenty-six up $6.25 to $547.25, and December twenty-six up $5.75 to $580.75. Estimated sales came in light at 8,503 contracts, down from 33,884 on Friday.Soybeans also nudged higher across nearby months, with March twenty-six settling at $446.25, up $2.50, and May twenty-six adding $2.50 to $454. New crop contracts like March twenty-seven gained $2 to $477.25. Volume picked up here at around 61,000 contracts, though open interest fell by 3,096.Wheat traded mixed with low volume, with March twenty-six easing up just a quarter cent to $298.25, but May twenty-six dropped $1.50 to $304. Soybean oil firmed across the board, with January twenty-six up $1.25 to $1050.50, and soybean meal added fractions like seventeen hundredths of a cent in January twenty-six to $298.70.As the session moves forward, traders eye lighter early volumes and shifting open interest, setting the stage for potential volatility ahead.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.