USA: Wheat making gains this Monday morning, November 18, 2024

Published Nov 19, 2024

Tridge summary

The article reports a rise in the prices of December corn, January soybeans, and March wheat contracts due to technical short covering and fears of escalation in the Ukraine-Russia war following President Biden's decision to allow Ukraine to use U.S. weapons. The USDA announced new export sales, leading to an increase in the prices of live cattle, feeder cattle, and lean hogs. Additionally, January crude oil and December S&P 500 futures are up, while the U.S. Dollar Index December contract is down, and December Dow futures are down 62 points.

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

Original content

December corn and January soybeans are both up 3¼¢ this morning. March wheat contracts are making double-digit gains. CBOT wheat is up 12¾¢. KC and Minneapolis wheat are up 13¾¢. Discussing gains wheat made in the overnight trade, The Brock Report said wheat was supported by “technically-driven short covering and fears the Ukraine-Russia war will escalate following President Biden’s decision to allow Ukraine to use U.S. weapons against targets inside Russia.” USDA announced new export sales this morning: February live cattle are up 58¢. January feeder cattle are up 18¢. February lean hogs are up 73¢. January crude oil is up $1.79. The U.S. Dollar Index December contract is down to 106.45. December S&P 500 futures are up 10 points. December Dow futures are down 62 points. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It is a ...

Source: UkrAgroConsult