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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.
Corn, soybeans and wheat open the week under pressure. Cattle futures are sharply higher with hogs mildly higher...
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Grain markets were closed overnight due to the holiday and are set to open at 8:30. A surging U.S. dollar index is likely to pressure both corn and wheat, while falling crop estimates are likely to support soybeans.
No overnight grain trade. Grain and livestock markets will resume trading at 8:30 a.m. CT.
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Corn and soybeans traded lower most of the overnight session while wheat favored the upside, though saw profit taking into the break.
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.
Corn and soybeans favored the downside overnight while wheat traded modestly higher. All three saw light volume overnight.
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Wheat basis and cash prices firmed over the past week.
Corn, soybeans and wheat traded near unchanged most of the night, though buying pressure increased into the break.
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Corn, soybeans and wheat traded near unchanged most of the night.