Corn and Soy Start Day in the Green. Friday, December 20, 2024
March corn is up 3¼¢ this morning.
USDA announced this morning that Colombia is buying 150,000 metric tons of corn for the 2024/2025 marketing year.
March soybeans are up 8¢.
March wheat contracts are mixed this morning. CBOT wheat is down 1¾¢. KC wheat is down less than a penny. Minneapolis wheat is up 1½¢.
“Dec. 21 (the winter equinox) marks the official start of winter,” said Bob Linneman, commodities broker at Kluis Commodity Advisors. “As with the summer equinox (June 20), we are always watching for an extreme in prices around these equinox dates. Are we etching a major low in the soybean and wheat markets?”
February live cattle are down 3¢ this morning. March feeder cattle are up 8¢. February lean hogs are up 33¢.
February crude oil is down 71¢.
The U.S. Dollar Index March contract is down to 107.80.
March S&P 500 futures are down 28 points. March Dow futures are down 61 points.
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