Grains Mostly Higher Ahead of December WASDE. Tuesday, December 10, 2024
March corn is choppy this morning, bouncing between unchanged, up less than a penny, and down less than a penny.
January soybeans are up 5¢.
Near the open of the trading session, March KC and Minneapolis wheat were trading similar to corn. Now all three March contracts are in the green but up less than 2¢. CBOT wheat is up 1¾¢. KC wheat up 1½¢. Minneapolis wheat is up 1¼¢.
Today at 11 a.m. CT, the December World Agricultural Supply and Demand Estimates (WASDE) report is expected from USDA. Naomi Blohm, senior market advisor at Total Farm Marketing, said the report is expected to be supportive for corn and neutral for soybeans and wheat.
February live cattle are up 30¢ this morning. January feeder cattle are up 78¢. February lean hogs are up 68¢.
January crude oil is up 7¢.
The U.S. Dollar Index December contract is up to 106.35.
December S&P 500 futures are up 2 points. December Dow futures are down 102 points.
Further development of the grain sector in the Black Sea and Danube region will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv.
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