Following the three-day weekend, grain markets have seen an increase. Favorable weather conditions in Brazil are influencing grain prices, with weekend rains falling below expectations. Several private analysts are revising down the projected Brazilian corn and soybean crops.

Corn futures are showing an increase of 1 to 2¢, soybean futures are up by 2¢, and wheat futures have risen by 6 to 10¢.

Here are a few important support and resistance levels on the chart to keep an eye on: Check to see whether March corn closes over $4.75, the latest high. At $4.74 1/2, the last deal was made. The crucial aspect for soybeans will be observing whether they can close above $13.10 in January. The closing price was $13.11.

Futures in the livestock markets have dropped following the negative reports on cattle on feed and hogs and pigs.

January feeder cattle are down $1.75, February cattle are down 55¢, , and February pigs are down 80¢.

Did you read this?

  1. Paraguayan President Santiago Peña Hospitalized During G20 Summit
  2. State Commissions Construction Of Kes57M Market In Ewaso Nyiro
  3. Heavy Rains And Flooding Continues To Wreck Havoc In Brazil

U.S. stocks are up in the external markets once more, with the Dow up 32 points and the S&P 500 up 8 points. Crude oil prices have increased by $1.80, and the US Dollar Index has decreased by.09 points to 101.63.