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Grain and cattle futures finished 2024 higher, with corn posting a new six-month high close on dryness in the Argentina extended forecast and fund buying. Soybeans and meal rallied on year-end short covering and the dry Argentina outlook, while wheat gained in sympathy.
Hogs closed lower.
Dry Argentine weather and fund short covering support near-term grain and meal prices, and buyers should watch whether the January WASDE cuts US ending stocks enough to lift corn further. Lower hog futures weigh on the livestock complex.
agweb.comDec 31, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
