News
USDA showed weekly corn inspections of 1.082 MMT for week ended Dec. 21, topping the pre-report range by over 150,000 MT.
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Grain markets were closed overnight, though outside markets are supportive for a higher open this morning.
Grain markets were closed overnight and are set to open at 8:30 a.m. CT. Outside markets are mixed, with crude oil favoring the upside and the U.S. dollar index near unchanged.
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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.
Corn posted fractional gains, soybeans saw corrective buying and wheat rose for the second consecutive day. Cotton futures rose as well. Cattle chopped near unchanged, while hog futures saw steady buying.