Soybeans Down 8¢. Friday, December 13, 2024
March corn is down less than a penny this morning.
March soybeans are down 8¢.
This morning USDA announced unknown destinations are buying 200,000 metric tons of soybeans for the 2024/2025 marketing year.
March wheat contracts are mixed. CBOT wheat is down 4¢. KC wheat is down 3¼¢. Minneapolis wheat is unchanged.
“After testing overhead resistance levels mid-week, corn futures are now 10¢ off the highs,” said Naomi Blohm, senior market advisor at Total Farm Marketing, prior to the open of Friday’s day trade. “Support is at $4.40, then $4.35, with big support at $4.30, which is the bottom of the uptrend line and near the 100-day moving average.
“Over the past decade, the ‘Christmas rally’ for March corn futures has averaged 33¢. This rally almost made it to 26¢. Will the rally continue into year end? Or will corn go back into range trading? Four out of the past 10 years, the rally stopped in conjunction with the December WASDE.”
February live cattle are up 58¢ this morning. January feeder cattle are up 40¢. February lean hogs are up 25¢.
January crude oil is up 61¢.
The U.S. Dollar Index December contract is up to 107.06.
December S&P 500 futures are up 8 points. December Dow futures are down 36 points.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
BLACK SEA OIL TRADE-2025: Delegates from 10+ countries on board — join now!
Iran became the largest buyer of Russian wheat in May
Brazil declares end of bird flu outbreak and prepares to resume exports
India: Reconsider decision on import duty cut on crude palm oil
What Are The Top 10 Wheat-Producing Countries In The World?
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon