USA: Wheat fell on Tuesday, corn and soybeans rose in price

Published 2024년 12월 25일

Tridge summary

The wheat market showed weak activity on three exchanges before Christmas, with futures prices falling. Wet weather is expected in the Plains next week. Algeria bought an unspecified amount of wheat in a tender, and corn futures closed higher. The European Commission has lowered its estimate for soft wheat production in the EU. The French wheat market also fell on Tuesday. The closing prices for January and March contracts on the Paris Stock Exchange (MATIF) were lower for milling wheat and corn, but higher for sunflower.

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

Original content

On Tuesday, December 24, 2024, the wheat market showed weak activity on three exchanges before Christmas. March soft winter wheat quotes on the Chicago Mercantile Exchange CBOT fell to $196.48 per ton, March hard winter wheat futures in Kansas City fell to $199.79 per ton, and March hard spring wheat futures in Minneapolis MGEX fell to $216.60 per ton. March SRW futures in Chicago settled at $5.34-3/4, down 5 ¾ cents. March HRW futures in Kansas City settled at $5.51-3/4, down 7 ¼ cents. Minneapolis March spring wheat futures settled at $5.89-1/2, down 6 cents. Wet weather is expected in eastern parts of the Plains next week, while western parts will remain dry. Parts of the soft red winter wheat (SRW) region are forecast to receive 1-2 inches of rain. Markets will be closed all day Wednesday for Christmas, opening Thursday at 8:30 a.m. CDT. Algeria bought an unspecified amount of wheat in a tender Tuesday. Corn futures closed higher Tuesday. March corn futures settled at ...

Source: Zol