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 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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