FROM ALL OF US AT TOTAL FARM MARKETING, HAVE A HAPPY AND PROSPEROUS NEW YEAR!
TUESDAY, DECEMBER 31: The CME has regular trading hours, and Total Farm Marketing offices will close at 3:00 p.m. (CT).
WEDNESDAY, JANUARY 1: The CME and Total Farm Marketing offices are closed.
All prices as of 10:30 am Central Time
Corn
MAR ’25
451
-3
JUL ’25
462
-2.5
DEC ’25
438.75
-2
Soybeans
JAN ’25
977.5
-2.5
MAR ’25
988.75
-1
NOV ’25
1004.5
0
Chicago Wheat
MAR ’25
545.25
-1.25
MAY ’25
556
-0.75
JUL ’25
563.25
-0.5
K.C. Wheat
MAR ’25
552.75
-1.75
MAY ’25
561.25
-1.5
JUL ’25
569.25
-2.25
Mpls Wheat
MAR ’25
593
-2.25
JUL ’25
608.5
-2.25
SEP ’25
617.75
-2.5
S&P 500
MAR ’25
5956.25
-70.75
Crude Oil
FEB ’25
71.31
0.71
Gold
FEB ’25
2610.8
-21.1
Corn prices fall at midday. A higher close today would mark the corn market’s seventh consecutive daily gain.
Expanding dryness in Argentina and northern Mexico is boosting the market, with no relief expected in the forecast for the next two weeks.
Ethanol’s average daily production for the week of December 20th was 1.107 mb, a 0.4% increase from the previous week, but unchanged compared to the same period last year.
Soybeans are trading lower at midday, with soybean meal posting gains, while soybean oil is experiencing a decline.
USDA confirms the sale of 23,000 tons of U.S. soy oil for delivery in India in 24/25 year.
Widespread rain showers continue across central Brazil, creating favorable conditions for the filling of soybean pods. However, a below-average rainfall forecast in Argentina raises concerns for the later stages of the growing season.
All three wheat classes are trading lower at midday, despite recent revisions that lower supply expectations in Russia.
Colder temperatures moving across the Plains and last week’s large purchases by Algeria and Egypt could provide additional price support to the wheat markets.
Wheat prices are gaining support from recent international demand and expectations of lower supply in Russia. Consultant Sovecon forecasts a 17% drop in Russia’s wheat exports for the 2025/2026 season, as weather conditions for winter wheat deteriorate in Russia’s central and Volga regions.
According to the Buenos Aires Grain Exchange, the wheat harvest in Argentina is 88.5% complete.
Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.
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