Markets - General
The December WASDE report sent nearby March corn futures rallying to multi-week highs following a surprise cut in ending stocks and bolstered domestic export projections.
Grain markets were lower as the lack of new news has kept buyers at bay. Livestock markets came under pressure on the back of long liquidation from funds. In the outside markets, it was new all-time highs for the S&P and NASDAQ.
Grain markets struggled to find buyers in today’s trade and long liquidation was seen in the cattle complex. Here’s how the first trading day of the month shook out.
Grain markets were lower in the overnight trade after President Elect Donald Trump brought up potential tariffs on Mexico and Canada. The markets digested that news and finished the day mixed.
It was an eventful morning, particularly in the cattle complex with a big gap higher, but the market settled down shortly after the open with some contracts closing lower on the day. Grain markets were mostly mixed.
Cattle futures gap higher in Monday’s trade on the back of concern regarding beef imports from Mexico
It’s a bit of a mixed bag in the early morning trade with corn and wheat lower and beans hanging on to small gains. Here’s what’s on tap for today’s trade.
Watch us on RFD-TV, today at 9:45am CT!
Watch us on RFD-TV, today at 9:45am CT!
There is evidence the supply-side of the 2024/25 balance sheets for corn and soybeans is still a moving target, which means there’s potential for more market volatility in the next six weeks. On the demand side, questions remain as well.
At the same time, USDA has given HB4 wheat, which features a trait for drought tolerance, the green light for development.
Grain and Livestock Market were mixed in Tuesdays trade, here’s how things shook out.