# Soy, wheat, corn set for second annual drop despite late gains - Markets - Business Recorder

> Chicago soybean, wheat and corn futures were set for second straight annual declines on Dec 31, 2024, though they edged higher in light holiday trading as the dollar index eased. The most active soybean contract was up 0.5% at $9.96-1/2 a bushel, with the year's losses at 23% for soybeans, 12% for wheat and 3.5% for corn.

- Date: 2024-12-31 · published 2024-12-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/26981-soy-wheat-corn-set-for-second-annual-drop-despite-late-gains-markets-business
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Ample world supplies and expected record Brazilian soybean output limit upside, while Argentine dryness and weak Russian wheat growth offer early-2025 support.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40340459

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