Soybeans close 15 higher | Tuesday, December 14, 2021


On Tuesday, the agricultural markets of the CME group ended for the most part up.

At the close, March corn futures ended up 5 ½ to $ 5.90. May futures contracts ended up 5 to $ 5.92. July corn futures closed higher at $ 4 at $ 5.91.

January soybean futures were up 15 ¢ higher at $ 12.59.

Soybean futures in March ended up 13 ¢ to $ 12.64. May soybean futures closed 13 ¾ ¢ higher at $ 12.72.

March wheat futures ended lower at $ 1 at $ 7.87.

January soybean meal futures closed at $ 14.80 per short ton higher at $ 376.90.

Soybean oil futures in January were down 1.11 to 52.24 a pound.

In foreign markets, the crude oil market is $ 0.57 per barrel lower at $ 70.72. The US dollar is higher and the Dow Jones Industrials is 113 points (-0.32%) lower at 35,537.

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All grain markets are on the rise

At mid-session, March corn futures are 7½ at $ 5.92 higher. May futures are 7½ ¢ higher at $ 5.94. July corn futures are $ 6 to $ 5.93 lower.

January soybean futures prices are 19 higher at $ 12.63.

March soybean futures are $ 17-12.67 higher. May soybean futures are $ 17-12.76 higher.

March wheat futures are 1 ¢ higher at $ 7.89.

January soybean meal futures are $ 18.40 per short ton higher at $ 380.50.
January soybean oil futures are 1.20 to 52.15 a pound lower.

In foreign markets, the crude oil market is $ 1.40 per barrel lower at $ 69.89. The US dollar is higher and the Dow Jones Industrials is 199 points (-0.56%) lower at 35,451.

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Corn and soya diverge

On Tuesday, agricultural markets in the CME group remained mostly weak for the first half of this week’s trade.

In early trading, March corn futures were 1½ ¢ lower at $ 5.83. May futures are 1½ ¢ lower at $ 5.85. July corn futures are $ 1-5.85 lower.

January soybean futures are $ 5-12.49 higher.

Soybean futures in March are 4 higher at $ 12.55. May soybean futures are 4 higher at $ 12.64.

March wheat futures are $ 6-7.82 lower.

January soybean meal futures are $ 6.70 per short ton higher at $ 368.80.

January soybean oil futures are 0.50 to 52.85 a pound lower.

In foreign markets, the crude oil market is $ 1.08 per barrel lower at $ 70.21. The US dollar is down and the Dow Jones Industrials is 76 points (-0.21%) lower at 35,574.

Al Kluis, Kluis Advisors, says the corn market could follow the wheat market.

“If wheat prices stabilize and rise higher, then corn will find support on this setback. Expect major support on nearby corn at $ 5.77, ”Kluis said in a note to customers.

Kluis added, “I’m watching for continuation chart deviations in corn, wheat and soybean products. Most markets show a small carry charge on the next contract. Last week’s lows should give good support to this setback. ”

About Marco C. Nichols

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