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U.S. Farmers Eye Corn as Soybean Futures Hit Lows

Yuki by Yuki
18/12/2024
in Agricultural Futures
U.S. Farmers Eye Corn as Soybean Futures Hit Lows
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U.S. farmers may find themselves increasingly favoring corn in 2025, as soybean futures reach significant lows.

On Tuesday, Chicago soybean futures hit contract lows, including those for November 2025, which represents the next U.S. crop. Meanwhile, December 2025 corn futures, while not far from contract lows, are performing better than soybeans, offering some relief to corn producers.

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The November soybean futures closed at $9.88-3/4 per bushel, while December corn finished at $4.38-1/2 per bushel. This results in a bean-to-corn price ratio of 2.25, the lowest recorded for mid-December since 2015, signaling a challenging outlook for soybean farmers in the year ahead.

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