Corn higher this morning. Tuesday, November 5, 2024
December corn is up 2¼¢ this morning.
January soybeans are up 1¾¢.
December wheat contracts are also up. CBOT wheat is up 2¾¢. KC wheat is up 3¾¢. Minneapolis wheat is up 2¢.
This morning USDA announced unknown destinations are buying 124,000 metric tons of corn for the 2024/2025 marketing year.
It’s Election Day and Al Kluis, managing director of Kluis Commodity Advisors, said the outcome of the Presidential race may influence prices. “A Trump victory today could take soybean prices lower for a day or two and set up a great buying opportunity. A Harris victory will rally the soybean market and we are ready to make sales into that rally.”
December live cattle are down 10¢. January feeder cattle are down 58¢. December lean hogs are down $1.50.
December crude oil is up 71¢.
The U.S. Dollar Index December contract is down to 103.64.
December S&P 500 futures are up 47 points. December Dow futures are up 247 points.
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!!!
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon