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After the Bell | December 15, 2023

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Senate stays in session on some progress re: Ukraine aid/border talks

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

Corn, soybeans and wheat pivoted around unchanged most of the night, though wheat favored the downside into the break.

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

After the Bell | December 14, 2023

USDA finally details PARP payments… and caveats

Corn and wheat gapped higher overnight and showed continued strength, while soybeans traded on both sides of unchanged, though went into the break nearer session highs.

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

Cash ethanol and diesel prices continue to drop.

After the Bell | December 13, 2023

New economic projections show a notable shift in tone and outlook to dovish.

FOMC | Big changes in Argentina | Sugar tariffs | COP28 agreement… with loopholes | SAF

Corn, soybeans and wheat each favored the downside overnight, though corn and soybeans saw corrective buying into the break.

Corn, soybeans and wheat all traded solidly to the downside during overnight trade.

Annual Iowa State University survey finds farmland values rose in first half 2023, plateaued by end of year.

After the Bell | December 12, 2023

HPAI in Ohio 'mega-flock,' 8 million birds depopulated | More disaster aid in 2024 | SAF guidance | Inflation better than expected

Corn and wheat are expected to open higher amid corrective buying, with soybeans likely to face light profit-taking.

Soybean futures built on Monday’s gains during the overnight session, while corn and wheat firmed amid corrective buying.

After the Bell | December 11, 2023

Corn and soybean inspections during week ended Dec. 7 declined 464,719 MT and 188,847 MT, respectively, while wheat inspections rose nearly 95,000 MT.

Soybean futures are sharply higher with wheat lower and corn caught in the middle. Livestock futures are mostly higher...

Beans are expected open higher, wheat lower and corn near unchanged.

Short-term trend turns bullish for SRW wheat.

Soybeans traded higher amid corrective buying overnight, while corn and wheat favored the downside.

Macy’s receives buyout bid | Commentary says ‘tariffs are for losers’ | Chinese pork prices tumbled last week

Biden to host Ukrainian president Tuesday | COP28 summit seeks U.S./China agreement

After the Bell | December 8, 2023

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USDA cut corn, wheat and cotton ending stocks, while leaving soybean carryover unchanged.

Global carryover for corn and soybeans each surpassed pre-report expectations by 1.8 MMT and 1.5 MMT, respectively, largely neutralizing the lower-than-expected U.S. corn carryover.

Markets scaling back rate cut expectations, move to near even in March vs being over 50% for cut in March

UN Global Food Price Index skids lower, CCP commits to providing support to Chinese economy and Speaker Johnson suggests CR...

Corn and soybeans favored the upside overnight, while wheat saw some profit taking, though went into the break well off session lows.

Corn, soybeans and wheat held in relatively tight trading ranges overnight ahead of USDA’s December crop reports later this morning.

After the Bell | December 7, 2023

Biden administration regulatory agenda has some surprising omissions re: RFS

Corn and soybeans are expected to open lower, with wheat likely to see a mildly varied start (winter wheat markets lower, spring wheat higher) to daytime trade.

Corn sales during week ended Nov. 30 totaled 1.3 MMT, while shipments reached a marketing-year high. Soymeal and soyoil shipments during the week also notched marketing-year highs.

Early seller interest faded overnight, with corn, soybeans and wheat all trading solidly higher early this morning.

Big weekly increases in cash wheat, corn prices.

SRW wheat basis firmed despite the surge in cash price.

After the Bell | December 6, 2023

Moscow's oil revenues have increased since the start of the war, Smithfield slashes Utah hog production and cash hogs are still searching for a floor...

G.T. Thompson diagnosed with prostate cancer | More U.S. SRW wheat, soybean sales to China

Wheat futures led the way higher overnight, as soybeans and corn both saw spillover strength. The increase in export demand has encouraged buyers of each market.