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
457
4.75
JUL ’25
468
4.75
DEC ’25
443.25
4.25
Soybeans
JAN ’25
992.75
10.75
MAR ’25
1003.25
11.5
NOV ’25
1017
8.75
Chicago Wheat
MAR ’25
550.75
2.5
MAY ’25
561.75
2.75
JUL ’25
568.5
2.25
K.C. Wheat
MAR ’25
558.5
2.75
MAY ’25
567
2.5
JUL ’25
575.75
2.75
Mpls Wheat
MAR ’25
596.5
2.75
JUL ’25
611.25
1.5
SEP ’25
622.5
3.5
S&P 500
MAR ’25
5943.5
-15.25
Crude Oil
FEB ’25
71.74
0.75
Gold
FEB ’25
2637.6
19.5
Corn is trading higher at midday on some end of year support ahead of the New Year’s holiday.
Weather conditions remain favorable for most of Brazil while dryness in Argentina remains a concern if no rainfall lands soon.
China’s corn imports continue to fall well below last year’s pace. January through November corn imports are down 39.9% year-over-year to 13.3 mmt.
Soybeans continue to firm at midday on some flow-over support from funds reducing their net short position yesterday.
Funds sold more than 22,000 soybean oil contracts yesterday, which makes for their largest short positioning in 14 weeks.
USDA attaché in Brazil is now forecasting the 24/25 crop at 165 mmt as planted acreage continues to grow.
All three wheat classes are trading higher at midday on lower Russian production estimates.
Weather in the Northern Plains states will bring subzero temperatures this weekend. Although winterkill is expected to be limited, it will still be an area of concern.
Yesterday’s CFTC report showed managed money holding an 8-month high of short positioning at just over 95,000 contracts. Short covering could move prices in a bullish direction.
Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.
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