Corn and soybean futures rallied to close out 2024 as funds added to long positions in corn and covered shorts in soybeans. The stock market faded in late December, counter to the traditional Santa Claus rally, and could be in store for further declines to kick off the new year. On the policy front, Congress passed fresh farmer aid as 2024 wound down, including $10 billion in market assistance, which will be paid out in the first quarter of 2025. Our News page 4 feature looks at some of the most important factors that could impact your farming operation. We cover all of these items and much more in this week’s newsletter, which you can download here.
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