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Corn, soybeans and wheat traded higher overnight amid light corrective buying ahead of USDA’s January crop reports later this morning and support from rising crude oil tied to increased Middle East tensions.

FNC sees stable farmland values.

Weekly soybean, wheat and soymeal sales fell short of expectations for the week ended Jan. 4, while corn sales were near the low-end of the pre-report range.

Soybeans traded solidly higher overnight, while corn and wheat pivoted around unchanged in light trade.

Basis firmed for soybeans and cash prices dropped.

Cash soybean prices decline sharply

November pork exports were the largest for the month since 2020. Beef exports were the smallest for any month since July 2020.

Corn, soybeans and wheat were unable to build on Tuesday’s corrective gains during overnight trade.

Corn, soybeans and wheat recouped a portion of Monday’s losses during overnight trade.

During the week ended Jan. 4, weekly wheat inspections topped pre-report estimates by over 140,000 MT, while soybean inspections were just shy of the pre-report range of 700,000 MT to 1.125 MMT.

Short-term trend turns bullish for live cattle and feeders.

Grain futures posted two-sided trade overnight, though markets are mostly weaker this morning.

After the Bell | January 5, 2024

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Weekly corn, wheat and soybean sales each missed pre-report expectations for the week ended Dec. 28, while corn and soybean sales slid to a marketing-year low.

Corn and soybean futures mildly favored the downside in quiet, two-sided overnight trade, while wheat firmed.

Our updated monthly and quarterly price forecasts.

Corn, soybeans and wheat traded in narrow ranges during a quiet overnight session.

The average cash soybean price dropped sharply over the past week.

Corn, soybeans and wheat faced mild followthrough selling overnight after heavy losses to open the new year on Tuesday.

Weekly corn inspections during week ended Dec. 28 were down over 650,000 MT from the previous week to 570,000 MT. Wheat and soybean inspections were also down 187,000 MT and 156,000 MT, respectively.

The Current Conditions Index for December was 112, while the Future Expectations Index was 115, both down one point from the previous month.

Short-term trends turn bearish for corn and soyoil.

No overnight grain trade. Grain and livestock markets will resume trading at 8:30 a.m. CT.

In week ended Dec. 21, weekly corn sales totaled 1.242 MMT, up 23% from the previous week, while exports of 1.278 MMT notched a marketing-year high.

Wheat basis and cash prices firmed over the past week.

Cash cattle prices rise for the first time in seven weeks.

USDA showed weekly corn inspections of 1.082 MMT for week ended Dec. 21, topping the pre-report range by over 150,000 MT.

Traders expected a 0.5% decline in the Dec. 1 hog inventory.

Placements declined less than expected, while marketings fell more than anticipated.

The increase in beef stocks was about average during November.

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Corn, soybeans and wheat modestly favored the upside, while holding in tight trading ranges during a quiet overnight session.

The projected decline in grocery store prices would be the first since they dropped 1.3% in 2016.

The RMI below growth neutral for fourth consecutive month.

Pork export sales for 2023 and 2024 were strong and weekly shipments were a high for the year.

Corn, soybeans and wheat traded in narrow ranges during the overnight session.

Fuel prices continue to drop.

Basis firmed for soybeans and is now positive.

Corn, soybean and wheat futures traded narrowly on either side of unchanged during quiet overnight price action.

Soybeans erased Monday’s gains during overnight trade, while corn and the winter wheat markets faced mild followthrough selling.

Wheat inspections were near the middle of the expected range.

Short-term trend turns bearish for U.S. dollar index.

Corn modestly favored the downside overnight, while soybeans and wheat failed to sustain early price strength and have weakened this morning.

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The Biden administration will use the GREET model for determining SAF credits, but will update the methodology by March 1.

Corn, soybeans and wheat traded on both sides of unchanged in a quiet overnight session.

Large purchases from China during week ended Dec. 7 boosted wheat sales to 1.5 MMT during the week, a marketing-year high. China's purchases totaled 1.12 MMT during the week.

Corn and wheat futures posted mild corrective gains throughout the overnight, while soybeans traded on both sides of unchanged.

Basis firmed for both corn and soybeans