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Chart Trends | December 27, 2021

Intermediate term trend is now up for soybeans.

First Thing Today | December 27, 2021

Corn, soybean and wheat futures extended their recent rallies overnight as traders returned from the extended Christmas holiday weekend.

Cattle on Feed Report: Dec. 1 feedlot inventory down slightly from last year

USDA estimates there were 11.985 million head of cattle in large feedlots (1,000-plus head) as of Dec. 1, down 51,000 head (0.4%) from both year-ago and the average pre-report estimate.

U.S. hog herd contracted 4% as of Dec. 1

USDA estimates the U.S. hog herd at 74.201 million head as of Dec. 1, down 3.111 million head (4.0%) from last year.

Abnormal dryness/drought expands in HRW growing areas

U.S. Drought Monitor shows 58% of the U.S. winter wheat crop area is covered by drought conditions as of Dec. 21.

Soymeal and soyoil lead weekly export sales

Soymeal and soyoil export sales came in above expectations.

First Thing Today | December 23, 2021

Grain and soy futures posted light, two-sided trade overnight in thin pre-holiday price action.

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Beef stocks climb, pork inventories decline less than normal

Beef stocks rose contra-seasonally in November. Pork stocks declined, as is normal, but not nearly as much as the five-year average.