With all three categories coming in on the bearish side of the average pre-report estimates, the report is price-negative.
Individual state crop conditions ratings released on Monday showed major deterioration of the HRW wheat crop during December.
Soybean futures built on Monday’s gains overnight, while corn and wheat mildly rebounded from yesterday’s losses.
Corn, wheat and soybean exports down from previous week
Government offices in Washington shuttered; NASS reports still expected to be released.
The first trading session of the new year started with a bang as soy futures led overnight gains in the grain and soy complex.
Corn, soybeans and wheat traded both side of unchanged in light price action to kick off the last trading day of the year.
Access this week’s newsletter here.
Kansas, Oklahoma and Texas drought conditions worsen
