Year end trade is quiet with low volume as grains fade post Santa Claus Rally while Argentina dryness looms and livestock mixed into contract expiration.
Year end trade is quiet with low volume as grains fade post Santa Claus Rally while Argentina dryness looms and livestock mixed into contract expiration.
Grain futures sold off after last week’s rally as tax year selling dominated despite export activity while livestock mixed and metals collapsed on profit taking
Grain markets softened on peace deal hopes and no new sales while cattle rebounded metals surged crude weakened and traders eye short covering and January reports.
Soybeans led a holiday rally on Chinese buying, short covering, and Argentina dryness. Corn closed above 450, wheat recovered, cattle mixed, hogs pressured.
Grain markets firm led by wheat on Black Sea disruptions corn supported by exports soybeans steady cattle weaker metals and energy higher into Christmas Eve.
Grain and livestock futures strengthened as wheat led on Black Sea risk, soybeans rose on China sales and policy hopes, cattle firmed, metals surged on dollar weakness.
Grain futures mixed with wheat stabilizing, corn resilient without China, soybeans searching for technical support, while livestock and metals posted strong gains.
Grain futures rise led by corn and hard wheat on strong exports and ethanol data while soybeans slide and livestock correct lower amid heavy fund longs.
Corn strength driven by record ethanol grind and falling stocks; soybeans stabilize after selling; wheat pressured by China washout; livestock weaker; energy and metals firm on geopolitics.
Grains sold off hard led by wheat and soybeans as China uncertainty grew, corn held best, energy weakness pressured oils, livestock mixed, volatility remains elevated.