Futures fall as South American harvest ideas rise

Summary of January 29th

• U.S. soybean futures fell below $12 a piece on Monday on concerns about demand as the potential for a big harvest in South America increases while China, the world's top soybean buyer, struggles with a real estate crisis. It was the lowest price in two years. Corn futures fell to a one-week low due to low oil prices and a strong US dollar. In addition to the dollar, spillover pressure from soybeans and corn weighed on the wheat composite futures market as the European Commission raised its forecast for European Union common wheat stocks.of march cone Futures fell 6¢ to close at USD 4.40 per part. Chicago march wheat It fell 6¾¢ to close at $5.93½ per copy. kansas city march wheat It fell 6.5¢ to close at $6.18¢ per copy. minneapolis march wheat It fell 10 1/4 to close at $6.93 1/4 per copy. March soybeans It fell 15¢ to close at 11.94 USD per copy. March soybean meal It added $5.30 to close at $354.30 per tonne. march soybean oil It fell 1.38 cents to close at 45.55 cents per pound.

• Investors ahead of a busy earnings season sent U.S. stock indexes higher, with the DJIA and S&P hitting record highs at Monday's close.of Dow Jones Industrial Average It added 224.02 points (0.59%) to close at 38,333.45.of Standard & Poor's 500 It added 36.96 points (0.76%) to close at 4,927.93.of Nasdaq Composite It added 172.68 points (1.12%) to close at 15,628.04.

• usa crude oil Prices were low on Monday. March West Texas Intermediate light sweet crude oil futures fell $1.23 to close at $76.78 per barrel.

• of us dollar index The week started on an uptrend with solid closing prices.

• us gold futures Monday ahead. The February contract added $8.10 to close at $2,025.40 per ounce.

Summary of January 26th

• Wheat futures prices have fallen due to technical profit-taking, suggesting that global export business may be cooling down. Soybean futures fell to a one-week low on Friday after the Buenos Aires Grain Exchange on Thursday raised its forecast for Argentina's soybean harvest to 52.5 million tonnes, about 1% higher than previously forecast. Corn futures fell on Friday after BAGE raised its forecast for Argentina's corn harvest to 56.5 million tonnes, up nearly 3% from its previous forecast.of march cone Futures fell 5 ¢ to close at 4.46 ¢ per part. Chicago march wheat It fell 12¢ to close at $6.00 per copy. kansas city march wheat It fell 12¢ to close at $6.24¾ per copy. minneapolis march wheat It fell 5.5¢ to close at $7.03.5 per copy. March soybeans 13 ¾¢ down to close at $12.09⁄ per copy. March soybean meal It fell $9.20 to close at $349 per tonne. march soybean oil It added 0.40 cents to close at 46.93 cents per pound.

• A week of upward momentum for the U.S. stock market, including several new record highs, ended with a mixed close on Friday, but gains for the week. Intel's lukewarm outlook sent the company's stock down 12%, its biggest decline since July 2020, and other tech stocks including Advanced Micro Devices, Nvidia and Micron Technology also ended lower across the board.of Dow Jones Industrial Average It closed at 38,109.43, an increase of 60.30 points (0.16%).of Standard & Poor's 500 It fell 3.19 points (0.07%) to close at 4,890.97.of Nasdaq Composite It closed 55.13 points (0.36%) lower at 15,455.36.

• usa crude oil Prices rose again on Friday. March West Texas Intermediate light sweet crude oil futures added 65 cents to close at $78.01 per barrel.

• of us dollar index It weakened over the weekend.

• us gold futures It eased Friday. The February contract fell 50 cents to close at $2,017.30 an ounce.

Summary of January 25th

• Wheat futures continued to rise on Thursday on optimism that North America and Europe can restore some global demand against the backdrop of geopolitical tensions in the Middle East and the Red Sea attacks. Soybean futures on Thursday after the Department of Agriculture said U.S. soybean export sales for the week ending Jan. 18 were 560,900 tons, below the trade forecast range of 700,000 to 1.2 million tons. Market prices fell. Corn futures fell under pressure from ample U.S. inventories, uncertain demand and weak spillovers.of march cone Futures fell 1/2 cent to close at 4.51 cents per part. Chicago march wheat I added 1 1/2 cents and ended up with $6.12 per copy. kansas city march wheat It rose 11 ¢ to close at $6.37 per copy. minneapolis march wheat It added 4.5¢ to close at $7.09 per copy. March soybeans 17 ¢ removed to close at $12.23 per copy. March soybean meal It fell by $5.10 to close at $358.20 per tonne. march soybean oil It fell 0.79 cents to close at 46.53 cents per pound.

• U.S. stocks on Thursday were buoyed by a Commerce Department report showing the economy grew at a seasonal and inflation-adjusted annualized pace of 3.3% in the fourth quarter, supported by household and government spending. In response to this, the stock closed higher. The quarterly statistics showed a slowdown from the summer's 4.9% pace, but still a healthy rate. The U.S. economy grew 3.1% over the past year, the department said.of Dow Jones Industrial Average It added 242.74 points (0.64%) and finished at 38,049.13.of Standard & Poor's 500 It added 25.61 points (0.53%) to close at 4,894.16.of Nasdaq Composite It added 28.58 points (0.18%) to close at 15,510.50.

• usa crude oil Prices were high on Thursday. March West Texas Intermediate light sweet crude oil futures added $2.27 to close at $77.36 per barrel.

• of us dollar index I resumed climbing on Thursday.

• us gold futures The store closed Thursday after rising prices. The February contract added $1.80 to close at $2,017.80 per ounce.

Summary of January 24th

• U.S. stock indexes closed higher on Wednesday, led by strong performance from the so-called Magnificent Seven: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. Investors were urged back into large-cap tech stocks on the belief that the economy is likely too strong for the Federal Reserve to cut interest rates as quickly as some expected.of Dow Jones Industrial Average It fell 99.06 points (0.26%) to close at 37,806.39.of Standard & Poor's 500 It rose 3.95 points (0.08%) to close at 4,868.55.of Nasdaq Composite It closed at 15,481.92, an increase of 55.97 points (0.36%).

• Wheat futures rose as a lull in January's U.S. dollar gains on Wednesday, with the Chicago contract up 2.4% in apparently chart-based trading. The direction of the dollar also contributed to gains in KC and Minneapolis futures, offsetting SovEcon's upward revision of Russia's 2024 wheat production forecast to 92.2 million tonnes from December's forecast of 91.3 million tonnes. Corn futures benefited from the dollar's suspension, as well as intense heat in Argentina and expected lower production of Brazil's second crop. Soybean futures were narrowly mixed on Wednesday in volatile trading, affected by South American crop outlook and profit taking.of march cone We added 5¾¢ in the future and finished at $4.52⁄4 per bu. Chicago march wheat It rose 14 1/4 points to close at $6.10 3/4 per copy. kansas city march wheat It advanced 8 1/4 and closed at $6.25 3/4 per copy. minneapolis march wheat Add 5.5¢ to end at $7.04.5 per copy. March soybeans The second half of the month was a bit mixed, rising 3¾¢ to close at $12.40 per copy. March soybean meal It added $2.20 to close at $363.30 per tonne. march soybean oil It fell 0.89 cents to close at 47.32 cents per pound.

• usa crude oil Prices were high on Wednesday. March West Texas Intermediate light sweet crude oil futures added 72 cents to close at $75.09 per barrel.

• of us dollar index Shares fell on Wednesday, closing lower for the first time in seven trading days.

• us gold futures We are closed on Wednesdays. The March contract fell $9.80 to close at $2,016 per ounce.

Summary of January 23rd

• Technical buying and short covering pushed soybean futures higher on Tuesday after falling to multi-year lows last week. Wheat rose broadly, albeit narrowly, and corn futures rose modestly, both reflecting weak demand and abundant supply versus support from short covering and technical buying.of march cone We added ¾¢ in the future and finished at $4.46½ per bu. Chicago march wheat The stock was stable, closing at $5.96 1/2 per share. The next few months were a mixed bag. kansas city march wheat It rose 10 ¢ to close at 6.17 ¢ per copy. minneapolis march wheat It fell 1.5 cents to close at $6.99 per copy. The latter months were mixed, with most rising slightly. March soybeans 15 1/4 plus it closed at $12.39 1/2 per copy. March soybean meal It added $5.30 to close at $361.10 per tonne. march soybean oil Add 0.05¢ and end up at 48.21¢ per pound.

• U.S. stocks had a mixed close on Tuesday, with shares of 3M, Goldman Sachs Group Inc. and Home Depot falling among the stocks that pushed the DJIA below 38,000 points after surpassing the mark for the first time on Monday. became. Meanwhile, stock prices of major US companies generally rose slightly, and the S&P 500 index closed at a record high for the third consecutive year.of Dow Jones Industrial Average It fell 96.36 points (0.25%) to close at 37,905.45.of Standard & Poor's 500 It added 14.17 points (0.29%) to close at 4,864.60.of Nasdaq Composite It closed at 15,425.94, an increase of 65.66 points (0.43%).

• usa crude oil Prices were low on Tuesday. March West Texas Intermediate light sweet crude oil futures fell 39 cents to close at $74.37 per barrel.

• of us dollar index The stock continued to rise on Tuesday, closing at the fifth highest price in six trading days.

• us gold futures Closed on Tuesdays. The March contract added $3.60 to close at $2,025.80 per ounce.