Afternoon Grain Comments 12-13-24- StoneX reporting, “The Friday session featured less activity than the previous four. The market functioned without any big headlines, shifts in weather, and moves in the cash markets. The USDA will present the Trade with the “final” estimate for the US soybean crop in 30 days. Often, yield and acreage surprises shift trade expectations. The changes of the last 8 years often defy the pattern in place in the market. This randomness in market revisions puts the market on the defensive going into the report.” Overall, an uneventful day for the markets. In world news, Russian wheat bid held steady, no major tenders were announced today. Russia has suspended wheat shipment to Syria due to uncertainty of payment. At the close, cash wheat was 6 cents lower, milo was 2 cents lower, corn was 7 cents lower and soybeans were 8 cents lower. Have a great weekend.
Morning Grain Comments 12-13-2024 – The grain markets looked like they might be mixed at the end of the night session this morning with soybeans lower and trading that way throughout the night session with January soybeans leaving a 3/4-cent gap while corn and wheat were steady to slightly better and trading both sides of Thursday’s closes but corn and wheat fell back into negative territory late in the session to end steady to lower. The StoneX Quick Editorial (QE) this morning stated, “Soybeans are falling while wheat clings to small gains and corn is caught in the middle to start the day. Strength in the dollar after yester-day’s ECB rate cut is providing headwinds to end the week and a lack of fresh bullish headlines since USDA’s surprise ending stock cuts has traders feeling less enthused as we head into the weekend…” In world grain trade news, GFSA in Saudi Arabia tendered for 21.9 million bushels of wheat and there was a flash sale announced yesterday 12.3 million bushels of soybeans to unknown. At the end of the night session at 7:45 this morning, Kansas City March wheat was 0.25 cent lower, Chicago March corn was down a penny, and Chicago January soybeans were 5 cents lower. Have wonderful day and weekend.
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Futures
@C - CORN - CBOT
Month
Open
High
Low
Last
Change
Close
Time
More
Dec 24
434'2
434'2
426'2
432'0
-1'6
430'0s
12/13
Mar 25
443'4
444'2
440'0
442'4
-1'4
442'0s
12/13
May 25
451'0
451'6
447'2
449'4
-1'6
449'2s
12/13
Jul 25
455'0
455'6
451'2
453'2
-2'0
453'0s
12/13
Sep 25
436'6
437'2
433'0
435'0
-2'2
434'6s
12/13
Dec 25
441'4
442'4
437'4
439'4
-2'6
439'0s
12/13
Mar 26
452'4
453'0
448'4
450'6
-2'2
450'2s
12/13
May 26
458'6
458'6
455'0
456'2
-2'4
456'2s
12/13
@KW - HARD RED WINTER WHEAT - KCBT
Month
Open
High
Low
Last
Change
Close
Time
More
Dec 24
559'4
-7'4
538'6s
12/13
Mar 25
562'4
565'4
555'2
556'2
-5'6
557'0s
12/13
May 25
570'0
572'6
563'4
563'6
-5'0
565'2s
12/13
Jul 25
578'4
580'4
571'6
571'6
-4'6
573'2s
12/13
Sep 25
590'2
591'2
583'4
583'6
-5'0
585'0s
12/13
Dec 25
606'4
608'4
599'4
600'0
-5'0
601'0s
12/13
Mar 26
616'2
616'2
616'0
616'0
-4'6
614'4s
12/13
May 26
623'6
-4'6
620'2s
12/13
@S - SOYBEANS - CBOT
Month
Open
High
Low
Last
Change
Close
Time
More
Jan 25
994'2
995'0
986'0
988'6
-7'4
988'2s
12/13
Mar 25
1002'0
1002'4
993'0
995'4
-8'2
995'0s
12/13
May 25
1012'6
1012'6
1003'4
1006'0
-8'0
1005'4s
12/13
Jul 25
1023'2
1023'4
1014'0
1016'2
-7'6
1016'0s
12/13
Aug 25
1021'4
1021'4
1011'6
1014'2
-7'6
1013'6s
12/13
Sep 25
1009'6
1009'6
1000'6
1002'0
-8'2
1002'2s
12/13
Nov 25
1013'2
1013'2
1004'2
1005'6
-7'6
1006'2s
12/13
Jan 26
1022'2
1022'4
1013'4
1014'6
-7'2
1015'6s
12/13
@LE - LIVE CATTLE - CME
Month
Open
High
Low
Last
Change
Close
Time
More
Dec 24
192.125
193.825
191.875
193.675
1.525
193.650s
12/13
Feb 25
190.700
192.250
190.375
192.225
1.175
192.025s
12/13
Apr 25
191.950
193.225
191.650
193.200
0.825
193.000s
12/13
Jun 25
186.850
187.575
186.550
187.525
0.225
187.325s
12/13
Aug 25
185.025
185.700
184.650
185.300
- 0.175
185.125s
12/13
@GF - FEEDER CATTLE - CME
Month
Open
High
Low
Last
Change
Close
Time
More
Jan 25
258.200
259.025
256.350
257.875
- 0.700
257.650s
12/13
Mar 25
258.325
259.125
256.350
257.850
- 0.900
257.675s
12/13
Apr 25
258.975
259.775
257.200
258.675
- 0.700
258.525s
12/13
May 25
259.100
259.750
257.275
258.600
- 0.550
258.550s
12/13
Aug 25
263.575
264.000
261.900
263.225
- 0.500
263.075s
12/13
My Custom Markets
Symbol
Open
High
Low
Last
Change
Close
Time
More
Map
This Day In History
December 14, 1978
USSR performs nuclear test at Eastern Kazakh/Semipalitinsk USSR
November 27 A little rain this afternoon but no accumulation in the gage in Sublette.
November 18 Rain in the early morning and through much of the day us 1.5 inches of rain.
November 12 A late evening rain gave us between 0.2 and 0.3 inch of rain in Sublette.
November 7 and 8 - it was wet all day on the 7th but not much accumulation until it started to rain after 6:00 in the evening and by 7:00 in the morning of the 8th, we had 1.2 inches of rain, another 1.0 inch by noon, then by 4:30 we had another 0.8 inch for a total of 3 inches.
November 4 Light rain today gave us 0.2 inch of rain by 2:00 p.m. then another 0.3 inch came after that through the evening and night for a total of 0.5 inch.
October 21 A light rain in Sublette put 0.1 inch in the gage.?
September 21 and 22 On Saturday afternoon and through the night we received about a half-inch of rain.
September 20 A Friday afternoon rain shower gave us a good 0.1 inch of moisture in Sublette.
September 17 - 18 A couple of rain events overnight gave us between 1.2 and 1.4 inches of rain in Sublette.