# U.S. grains: Chicago soy, grain futures settle up, but fall for the year - AgCanada

> Chicago soybean, corn and wheat futures settled higher on Dec 31, 2024 on short-covering and weather concerns in South America and Russia, with soybeans up 18-3/4 cents to $10.10-1/2 a bushel. All three contracts still finished 2024 lower for a second straight year, with soybeans down about 22% and wheat down 12.2%.

- Date: 2024-12-31 · published 2024-12-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/26979-u-s-grains-chicago-soy-grain-futures-settle-up-but-fall-for-the-year-agcanada
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Dry weather forecasts for Argentina and poor Russian wheat conditions give some support to prices heading into 2025, but record Brazilian soybean expectations and ample global supplies cap gains.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-chicago-soy-grain-futures-settle-up-but-fall-for-the-year

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.