As of 10:00 a.m. CT, March corn prices have fallen by 5¾ cents, settling at $4.44¼ per bushel. Similarly, January soybeans have dropped by 3 cents, now priced at $11.21¾ per bushel.

“Futures are experiencing mixed performance with a notable lack of clear direction,” stated Karl Setzer, partner at Consus Ag Consulting. “The market is holding steady due to minimal fresh news, and anticipation builds for next week’s WASDE report, which tends to be relatively quiet in December. Additionally, month, quarter, and year-end factors are coming into play for price adjustments. Currently, two key areas of focus include weather conditions in South America and the escalating tensions in the Black Sea region.”

Wheat Market Performance

In related news, March CBOT wheat is down 2¾ cents, priced at $5.38¼ per bushel. Similarly, March KC wheat has experienced a decline, losing 4¾ cents, now at $5.28¼ per bushel. Meanwhile, March Minneapolis wheat showed a minor decrease of ¾ cent, resting at $5.64½ per bushel.

Cattle and Hog Prices on the Rise

On a more positive note, December live cattle saw an increase of $1.22, bringing the price to $222.02 per hundredweight. January feeder cattle also rose, gaining $2.32 to reach $332.20 per cwt, while December lean hogs rose by 47 cents to $80.65 per cwt.

Crude Oil and Stock Market Update

At 10:06 a.m. CT, January crude oil prices increased by 84 cents, currently at $59.48 per barrel. In the stock market, the S&P 500 Index gained 9.79 points, while the Dow Jones Industrial Average saw an increase of 181.64 points. Conversely, the December U.S. Dollar Index dropped by 401 points.

Published: 10:15 a.m. CT