Grain prices quiet ahead of holidays. Tuesday, December 24, 2024 in United States

Published 2024년 12월 25일

Tridge summary

Grain and livestock futures are experiencing minimal price movements as the market awaits post-holiday developments. Corn is approaching a key resistance level, while soybeans are approaching their 20-day moving average, and wheat prices are defending against new lows. Livestock futures are also slightly down, with feeders and lean hogs struggling to surpass their moving averages. Outside the agri sector, the U.S. Dollar Index, crude oil futures, S&P 500 futures, and gold futures are all showing positive or negative trends.

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

Original content

Grain prices are quiet this morning ahead of the midweek holiday break. March corn is steady, January soybeans are up 3¢, CBOT wheat is down 4¢, Kansas City wheat is down 6¢, and spring wheat is down 5¢. March corn is closing in on the key resistance at $4.51, while January soybeans are nearly a dime away from the 20-day moving average. Wheat prices are trying to hold ground above the new contract lows etched last week. Grain futures stop trading today at 12:05 p.m. CT. Trading resumes at 8:30 a.m. CT on Thursday, Dec. 26. Livestock futures are slightly lower this morning. January feeder cattle are down 40¢, December live cattle are down 20¢, and February lean hogs are down 35¢. Feeder cattle contracts have rebounded from the lows last week but are struggling to gain any momentum to break above the 20-day moving average. Live cattle traders are waiting to see where cash trades are for the week. Lean hog prices failed to break above the 20-day moving average on Monday and are now ...

Source: UkrAgroConsult