Corn Closes Up 3 | Monday, December 16, 2024 [Video]

March corn ended the day up 3¢ at $4.45 per bushel.

March soybeans closed down 9¢ at $9.86 per bushel.

March wheat contracts closed mixed. CBOT wheat ended the day down 2¼¢ at $5.50 per bushel. KC wheat was up 2¼¢ at $5.59¼ per bushel. Minneapolis wheat was up 1½¢ at $6.00 per bushel.

“The corn market rebuffed selling pressure from neighboring soybeans and wheat, closing near session highs, with bull spreading adding support to the front-month contracts,” said the Grain Market Insider newsletter by Stewart-Peterson Inc.

The newsletter said soybeans closed near session lows, as they were pressured by weakness in soybean oil and lower-than-expected crush numbers in the latest report from the National Oilseed Processors Association.

“The wheat complex closed in the lower half of the day’s range across all three classes, with Chicago contracts showing the most weakness as they closed lower for the third consecutive day,” said Grain Market Insider.

February live cattle ended the …