Daily Ag Direction 11/29/24
Grain markets are mixed this morning following the old fashioned open absent overnight trade. Beans had some supportive numbers on the oil export sales front and meal as well, but are seeing a little pressure early. Part of this might be Brazil's Real hitting a new low vs the USD. Overall, trade today looks spread focused as positions move ahead of wrapping up Dec corn and wheat contracts in preparation to move to March as the front month.
Dec corn is +1.5 at 4.17
Mar corn is +2.5 at 4.30
Mar KC wheat is flat at 5.45
July KC wheat is flat at 5.59
Mar Chi wheat is -1 at 5.47
July Chi wheat is -1.5 at 5.64
Jan beans are -1.5 at 9.87
Jan feeders are flat at 258.775
If you have any questions, please reach out your CEA Risk Management Advisor and have a great day!
Matt Hartwell
(316) 617-0690