Corn Closes Higher After “Choppy” Trade. Tuesday, November 5, 2024

게시됨 2024년 11월 6일

Tridge 요약

The article discusses the closing prices of agricultural commodities, noting that December corn, January soybeans, and various wheat contracts ended higher, while December live cattle, January feeder cattle, and December lean hogs closed lower. The trading was influenced by the U.S. Presidential Election and the upcoming WASDE report, which anticipates minor changes in corn and soybean carryout with stable wheat levels. Additionally, there is attention on global oilseed crop losses and potential Federal Reserve interest rate cuts. The article also highlights the AgriSupp platform by UkrAgroConsult, which provides market intelligence for grains and oilseeds.
면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

December corn ended the day up 2¢. January soybeans were up 4½¢ at the close. December wheat contracts also closed higher. CBOT wheat was up 3¾¢. KC wheat was up 5¾¢. Minneapolis wheat was up 5½¢. “Today’s trade was choppy which was not unexpected,“ said Karl Setzer, partner at Consus Ag Consulting. ”All interest today was on the U.S. Presidential Election even though it may be days before we know the official results. “South American weather continues to improve and now soybean planting is moving at a rapid pace but there are still concerns over long-range conditions. Trade is also showing more interest in regions of the world reporting oilseed crop losses rather than the South American crop outlook. “Estimates for Friday’s WASDE [World Agricultural Supply and Demand Estimates] report are starting to come out with few changes from October. Corn and soybean carryout is expected to slip slightly lower and wheat hold steady. The technical picture provided additional support today, ...

더 깊이 있는 인사이트가 필요하신가요?

귀사의 비즈니스에 맞춤화된 상세한 시장 분석 정보를 받아보세요.
'쿠키 허용'을 클릭하면 통계 및 개인 선호도 산출을 위한 쿠키 제공에 동의하게 됩니다. 개인정보 보호정책에서 쿠키에 대한 자세한 내용을 확인할 수 있습니다.