Soybeans down nearly 8¢. Wednesday, December 4, 2024
March corn is bouncing between being unchanged to slightly higher this morning.
January soybeans are down 7¾¢.
March wheat contracts are mixed. CBOT wheat is down less than a penny. KC wheat is up 1¾¢. Minneapolis wheat is up 2¾¢.
This morning, USDA announced South Korea is buying 30,000 metric tons of soybean oil for the 2024/2025 marketing year.
Naomi Blohm, senior market advisor at Total Farm Marketing, said grains are being supported by strong ethanol, crush, and export demand, but good weather in South America is limiting the potential for a price rally.
February live cattle are down 10¢ this morning. January feeder cattle are down 93¢. February lean hogs are down $1.08.
January crude oil is down 9¢.
The U.S. Dollar Index December contract is up to 106.36.
December S&P 500 futures are up 17 points. December Dow futures are up 173 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
Soybean prices in Ukraine remain under pressure from falling export demand
AI tractor tech to boost Australian nut farms
Global corn prices under pressure, but low stocks may provide support – Rabo...
Climatologists warn: three years left to limit warming to 1.5°C
Romania oilseed sector in June: Record area, good yields, and import strategy
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon