Soybeans start the day down 12¢. October 15, 2024
The grain markets closed lower on Monday as rain moved into Brazil and Argentina with more on the way. The strong U.S. dollar and sharply lower energy prices added to the selling pressure. This morning, the U.S. dollar is a fraction higher while energy prices continue to drop.
At this hour, December corn futures are down 2¢, November soybean futures are down 12¢, and wheat futures are 5¢ to 6¢ lower. The next support for December corn is at $4 with November soybeans having support at $9.80.
The stock market in China is down 3.7%. Stocks in Japan are up 0.7%. European stocks are down 0.4%.
In the U.S. Outside Markets, the U.S. Dollar Index is down 0.21 points at 103.08, and crude oil is down $3.65 per barrel at $70.17. Gold is up $1 per ounce and the U.S. stock market is mixed with the S&P 500 up 3 points and the Dow down 280 points.
In the livestock markets today, December hogs are up 60¢, October cattle are down $1.20, and November Feeder cattle are down $2.37.
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
Brazil’s wheat imports could rise to 9 mln tons as domestic crop declines
Uncertainty in the oil market has caused sunflower seed prices in Ukraine to plummet
The US has increased its soya bean exports to markets outside China by 9 %
Palm oil stocks in Malaysia have reached a nearly two-year high
The shortfall in grain storage capacity in Ukraine could reach 11 mln tons
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon