Corn Closes Up 6¢. Tuesday, Dec. 31, 2024
The grain markets continued higher today, with an impressive late-day rally. It was unusual, with the U.S. dollar rallying to new highs. The grain, metals, and energy markets also moved higher. The stock market was hit hard on Monday and is under pressure again today.
The dry weather in Argentina and the forecast for hot, dry conditions now into late January in Argentina and southern Brazil are bringing speculators and global buyers into the corn and soybean futures market.
Corn futures closed 6¢ higher. Soybean futures closed 16¢–18¢ higher. Wheat futures closed 2¢–4¢ higher.
Corn futures closed at the highest price level since June, and the nearby soybean market posted a hook reversal higher on the monthly soybean chart, with the nearby January futures closing above $9.00 today.
In the livestock markets today, February lean hogs closed down 30¢ at $81.30, February live cattle closed $1.35 higher at $190.60, and March feeder cattle closed $1.95 higher at $262.97.
The grain markets are closed on New Year’s Day, and the markets will open at 8:30 a.m. Thursday, Jan. 2, 2025.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Indian sugar output down 16% — ISMA
Kazakhstan increased grain exports to Central Asian countries
More than 9 thsd vessels sailed through the Ukrainian sea corridor over the year
Agri leaders of the Black Sea & Danube region to meet at BLACK SEA GRAIN.EURO...
Pakistan’s Agricultural Trade: A New Era Of Global Expansion – OpEd
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon