Grains In the Green This Morning. Monday, January 6, 2025
March corn is up 8½¢ this morning.
March soybeans are up 15¢.
March wheat contracts are also higher this morning. CBOT wheat is up 14¼¢. KC wheat is up 16¼¢. Minneapolis wheat is up 14¢.
“Friday’s grain market sell-off did feel a bit harsh and prices are rebounding this morning in turn; there’s too much at stake in terms of potential fundamental surprises on Friday to make a major pre-USDA move either way,” said Arlan Suderman, chief commodities economist at StoneX, prior to the 8:30 a.m. CT open of day trade.
On Friday, Jan. 10, USDA is expected to release several reports, including the monthly World Agricultural Supply and Demand Estimates (WASDE) report, the quarterly Grain Stocks report, the annual Winter Wheat and Canola Seedings report, and the Crop Production 2024 Summary.
“In the meantime, trade concern is building over dryness in Argentina and southern Brazil,” Suderman added.
February live cattle are up $1.45 this morning. March feeder cattle are up $1.73. February lean hogs are down 73¢.
February crude oil is up 59¢.
The U.S. Dollar Index March contract is down to 108.14.
March S&P 500 futures are up 66 points. March Dow futures are up 247 points.
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.
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