Soybeans Up 4¢ This Morning. Monday, December 9, 2024
March corn is up 1¼¢ this morning.
January soybeans are up 4¢.
March wheat contracts are also higher. CBOT wheat is up 4½¢. KC wheat is up 4½¢. Minneapolis wheat is up 5¼¢.
“Grain and oilseed futures are pointed higher to start the week after firm overnight trade,” said The Brock Report following the end of the overnight trading session. “The market is driven by technically-driven buying and short-covering, particularly in corn and wheat, which are both looking like they’ve established a bottom…. The upside [for corn and soybeans] is limited by continued favorable South American weather and rising crop estimates.”
February live cattle are up 80¢ this morning. January feeder cattle are up $1.18. February lean hogs are down 45¢.
January crude oil is up $1.34.
The U.S. Dollar Index December contract is down to 105.91.
December S&P 500 futures are down 6 points. December Dow futures are up 20 points.
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