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Agriculture

Grains Show Gains on Wednesday, December 11, 2024

2024-12-11

Starting the day with some interesting price movements in the commodity markets. March corn shows a minimal increase of less than a penny. This seemingly small change holds significance in the agricultural sector. January soybeans, on the other hand, have seen a more substantial rise of 2¾¢. It indicates a certain trend and potential impact on the soybean market. March wheat contracts are also on an upward trajectory. CBOT wheat is up 4¼¢, KC wheat is up 2¼¢, and Minneapolis wheat is up 2¢. These fluctuations in wheat prices can have far-reaching effects on the global wheat trade.

Live Cattle and Feeder Cattle

In the livestock market, February live cattle have gained 68¢ this morning, showing a healthy upward movement. January feeder cattle are up $1.43, suggesting a positive sentiment in the feeder cattle segment. These price changes can influence the livestock industry and related businesses.

Lean Hogs

February lean hogs are also showing an increase of 43¢. This indicates a potential shift in the hog market and can have implications for pork producers and consumers alike.

Crude Oil and the U.S. Dollar Index

January crude oil is up 92¢, reflecting the dynamics in the energy market. The U.S. Dollar Index December contract is up to 106.58, which can have a significant impact on various asset classes. It affects international trade and investment decisions.

Stock Market Indicators

December S&P 500 futures are up 42 points, while December Dow futures are down 30 points. These contrasting movements in the stock market give a mixed picture of the market sentiment. It shows the complexity and volatility of the financial markets.Published: 9:29 a.m. CT