Grains In the Red. Tuesday, December 17, 2024
March corn is down less than a penny this morning.
March soybeans are down 6¼¢.
March wheat contracts are also lower. CBOT wheat is down 2½¢. KC wheat is down 3¾¢. Minneapolis wheat is down 3¼¢.
This morning USDA announced new corn and soybean export sales:
- Mexico is buying 170,400 metric tons of corn for the 2024/2025 marketing year;
- Spain is buying 187,000 metric tons of soybeans for the 2024/2025 marketing year;
- Unknown destinations are buying 132,000 metric tons of soybeans for the 2024/2025 marketing year.
February live cattle are up 20¢ this morning. January feeder cattle are up 3¢. February lean hogs are up 33¢.
February crude oil is down $1.06.
The U.S. Dollar Index March contract is up to 106.59.
December S&P 500 futures are down 30 points. December Dow futures are down 280 points.
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