USA: Corn and soy start the day in the green on Friday, December 20, 2024

Published 2024년 12월 23일

Tridge summary

Colombia has announced the purchase of 150,000 metric tons of corn for the 2024/2025 marketing year, leading to an increase in March corn futures. Soybean and wheat futures have also seen changes, with mixed contracts in different exchanges. In the livestock market, February live cattle are down while March feeder cattle and February lean hogs are up. Additionally, February crude oil, the U.S. Dollar Index, and major U.S. stock futures are all down.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

March corn is up 3¼¢ this morning. USDA announced this morning that Colombia is buying 150,000 metric tons of corn for the 2024/2025 marketing year. March soybeans are up 8¢. March wheat contracts are mixed this morning. CBOT wheat is down 1¾¢. KC wheat is down less than a penny. Minneapolis wheat is up 1½¢. “Dec. 21 (the winter equinox) marks the official start of winter,” said Bob Linneman, commodities broker at Kluis Commodity Advisors. “As with the summer equinox (June 20), we are always watching for an extreme in prices around these equinox dates. Are we etching a major low in the soybean and wheat markets?” February live cattle are down 3¢ this morning. March feeder cattle are up 8¢. February lean hogs are up 33¢. February crude oil is down 71¢. The U.S. Dollar Index March contract is down to 107.80. March S&P 500 futures are down 28 points. March Dow futures are down 61 points. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive ...

Source: UkrAgroConsult