Uncover the Insights of Closing Grain and Livestock Futures
Grain and Livestock Futures
The closing prices of grains and livestock futures on November 21, 2024, showed significant fluctuations. December corn closed at $4.26 and 3/4, down 3 and 1/2 cents. This indicates a certain trend in the corn market. January soybeans closed at $9.77 and 3/4, down 12 and 3/4 cents, reflecting the dynamics of the soybean market. December wheat closed at $5.48 and 3/4, down 3 and 3/4 cents, adding to the complexity of the grain market.
On the livestock front, December live cattle closed at $185.60, down 70 cents, and January feeder cattle closed at $253.45, up $1.12. These movements provide valuable insights into the livestock industry and its potential future directions.
Other Commodities
December soybean meal closed at $287.70, down $1.70, while December soybean oil closed at 42.18, down 110 points. These price changes in soybean products highlight the interrelationships within the commodity market. December cotton closed at 69.19, up 73 points, showing an upward trend in the cotton market. January rice closed at $15.17, up 5 cents, and December gold closed at $2,674.00, up $22.30, indicating the performance of different precious and industrial metals.
Dec. crude oil closed at $70.22, up $1.47, and Dec. Class III milk closed at $18.68, down 47 cents. These price movements in crude oil and milk further contribute to the overall picture of the commodity market.
The Dow Jones Industrial Average closed at 43,870.35, up 461.88 points. This significant increase in the Dow Jones shows the overall strength and stability of the stock market, which is closely intertwined with the commodity market.