:max_bytes(150000):strip_icc()/Congress-WideShot-2000-5a91ee8f6de542dfa39fc245aef88653.jpg "Republicans Elect Farm-State Sen. Thune for Majority Leader")
:max_bytes(150000):strip_icc()/IMG_8415-99be09f1cd264886ab4936a103b488c8.jpeg "2024 Harvest Prices and Revenue Insurance Payments for Corn and Soybeans")
:max_bytes(150000):strip_icc()/Witthaya20Prasongsin20SMALL-1221627119-b3354c967a6b40f792ec3559a2cd819c.jpg "December Corn Starts the Day Higher")
December corn is up 3¢ this morning.
This morning USDA announced Mexico is buying 110,500 metric tons of corn for the 2024/2025 marketing year.
January soybeans are down 2¢.
December wheat contracts are mixed. CBOT wheat is up 2½¢. KC wheat is down less than a penny. Minneapolis wheat is up 1¾¢.
“Soybean futures came under further pressure in early trade while corn futures and wheat futures were narrowly mixed in very cautious action amid a lack of fresh fundamental news,” said The Brock Report, referring to the overnight trade. “Technical follow-through to a weak Monday close, anticipation of an escalated trade war with China, fast planting progress in Brazil and Argentina, and a strong dollar all weighed on soybean futures overnight.”
December live cattle are down 18¢. January feeder cattle are down 5¢. December lean hogs are up 80¢.
December crude oil is up $1.06.
The U.S. Dollar Index December contract is up to 105.84.
December S&P 500 futures are down 3 points. December Dow futures are up 85 points.
Published: 8:49 a.m. CT
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