Grain Markets Higher in Early Trade. Thursday, December 26, 2024
The grain markets opened at 8:30 a.m. and are higher in the early trade.
The U.S. dollar is a fraction lower today but is still trading right at two-year highs above 108.
The Brazilian real is trading very close to all-time low at 6.18 to the U.S. dollar. This is helping keep Brazilian soybean prices high as we approach the major harvest season.
The grain markets are focused on weather in South America and global export demand. The overall pattern in Brazil is still favorable, with many trade analysts projecting a record soybean crop. Argentina has been trending drier, but the forecast is for two chances of rain late this week and over the weekend.
At this hour, March corn futures are up 2¢, March soybean futures are up 4¢, and wheat futures are 2¢–4¢ higher.
In the livestock markets today, February lean hogs are down 50¢, February cattle are up 97¢, and January feeder cattle are up $1.65.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
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