Corn futures prices for December edged up to $5

Corn futures prices for December edged up to $5.13, underpinned by the global grain trade’s concerns about logistics in the Black Sea region. Shipping constraints are filtering into U.S. futures valuations. According to the USDA, nearly 90% of farms in Moore County are livestock operations [2]. For many, the Cow Feeder Program wasn’t a bonus, it was a backbone. The distillery’s slop was protein-rich and plentiful, allowing small farms to feed their herds without paying sky-high commercial feed prices. Price action: November soybeans fell 5 3/4 cents to $10.18, near the session low and on the week up 4 1/4 cents. December soybean meal fell 70 cents to $278.60, near the daily low and for the week up $4.00. December bean oil fell 39 points to 50.05 cents, near the daily low and for the week down 14 points. Corn futures prices stabilized at $4.96, following recent volatility caused by macroeconomic uncertainty and dollar index fluctuations. Currency strength remains a key variable in export competitiveness.