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.
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
Black Sea & Danube: Crop and Export Forecast
Ukraine to expand sunflower and rapeseed area while soybeans decline — FAS USDA
Wheat faces biggest weekly drop in eight months on higher inventories
Cargill’s head of world trading departs firm after three decades
Indonesia deploys African weevils to boost palm oil output
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