# Grains and Cattle Rally to End 2024: Corn Makes New High Close

> 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.

- Date: 2024-12-31 · published 2024-12-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27012-grains-and-cattle-rally-to-end-2024-corn-makes-new-high-close
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- HOGS: bearish ▼
- WHEAT: bullish ▲
- LCATTLE: bullish ▲

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/grains-and-cattle-rally-end-2024-corn-makes-new-high-close

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