Wheat down 2-3 cents, corn steady-up 1 cent, soybeans up 2-4 cents in United States

Published 2024년 12월 25일

Tridge summary

The article provides an overview of the U.S. grain and soy complex trading expectations at the Chicago Board of Trade. It is expected to resume at 8:30 a.m. CST on Tuesday, with markets closing early at 12:05 p.m. CST on Tuesday and reopening at the same time on Thursday. Wheat prices are expected to decrease by 2 to 3 cents per bushel due to traders adjusting positions and the end of harvesting in Australia and Argentina, leading to increased supply. Corn traders expect the market to remain steady to up 1 cent per bushel, despite dry weather threatening Argentina's crop. Soybean prices are expected to increase by 2 to 4 cents per bushel, continuing to recover from four-year lows reached last week, as traders adjust positions and regular showers are expected in top exporter Brazil. The strength of the dollar could impact the competitiveness of U.S. grain exports.

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

Original content

Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Tuesday. * CBOT markets close early at 12:05 p.m. CST on Tuesday and reopen at 8:30 a.m. CST on Thursday. WHEAT – Down 2 to 3 cents per bushel * Wheat weakened as traders adjusted positions ahead of the Christmas holiday on Wednesday. * Harvesting wound down in exporters Australia and Argentina, making more supplies available on the international market, analysts said. * Precipitation may move through a dry U.S. Central and Southern Plains region over the next week, analysts said, benefiting the hard red winter wheat crop. * The dollar defended recent gains over a basket of other currencies. A stronger dollar tends to make U.S. grain exports less competitive on the global market. * CBOT March soft red winter wheat (WH25) was last down 2 cents at $5.38-1/2 a bushel. K.C. March hard red winter wheat (KWH25) was last down 3/4 cent at ...

Source: Hellenic Shipping News