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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

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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.

Corn and wheat extended their recent rallies overnight, while soybeans firmed amid a corrective rebound.

Corn and wheat continue to lead to the upside despite weakness in soybeans. Cotton futures rallied though continue to trade in a sideways range. Hog futures fell sharply despite sharp corrective gains in cattle.

November’s 12-point rise in the Current Conditions Index to a reading of 113 was primarily responsible for this month’s sentiment improvement as the Index of Future Expectations only improved by 2 points.

Another 198,000 metric tons of U.S. SRW wheat for delivery to China

Corn futures continued to show relative strength overnight, soybeans saw corrective buying from recent selling and wheat futures saw profit taking, though each saw buying into the break.

Corn, soybeans and wheat traded on both sides of unchanged while holding in tight ranges during the overnight session.

After the Bell | December 4, 2023

Weekly corn inspections during week ended Nov. 30 totaled 1.16 MMT, exceeding the pre-report range by nearly 260,000 MT, while wheat and soybean inspections each fell short of respective pre-report ranges.

Corn and soybean futures are mildly weaker to start the week with wheat mixed. Cattle futures are sharply lower with lean hogs mixed…

China buys 440,00 MT U.S. SRW wheat | USDA announces other daily export sales

Short-term trend turns bearish for soymeal.

Corn and soybeans favored the downside overnight, with soybeans leading the way lower. Both went into the break well off session lows. Wheat traded higher, continuing to show relative strength.

Corn and soybeans traded lower through the overnight session, while wheat firmed this morning after earlier losses

Friday: Employment & USDA reports | COP28 summit | Supplemental spending/border talks

After the Bell | December 1, 2023

Access this week's newsletter here.

Sandra Day O’Connor dies at 93 | Vote to expel Rep. Santos | Record U.S. ag trade deficit

Corn, soybeans and wheat each saw selling pressure overnight and went into the break near session lows with soybeans leading the way lower.

Selling pressure built through the overnight session, with corn, soybeans and wheat trading near session lows earlier this morning.

After the Bell | November 30, 2023

Our updated monthly and quarterly price forecasts.

As EU/Mercosur near closing trade deal, U.S. ag sector anxiety increases re: trade policy

Vilsack expects Chinese corn demand to return to U.S., Eurozone inflation continues lower and feedlots hold out for higher cash cattle bids...

Corn mildly favored the upside overnight, fueled higher into the break by export sales coming in above expectations at a marketing year high, while wheat and soybeans were slightly lower.

Weekly corn, soybean and wheat sales for week ended Nov. 23 each topped pre-report expectations and rose notably from the previous week.

Corn, soybeans and wheat again traded in relatively tight ranges during a quiet overnight session.

Basis remains well below average for corn and soybeans.

After the Bell | November 29, 2023

OECD predicts slowing economic growth, bellies lead cutout decline and USDA suspends ERP...

In November, approximately 5.78 million birds have been affected by bird flu, a substantial rise from the 1.37 million reported in October.

Soybeans and wheat saw continued followthrough buying overnight, while corn continues to struggle garnering strength, though losses remain limited.

ERP for 2022 ‘suspended’, applications being taken but processing of payments on hold

Corn, soybeans and wheat held in relatively tight ranges during a quietly traded overnight session.

After the Bell | November 28, 2023

Cordonnier leaves Brazilian crop estimates unchanged, Russia mulls export ban and the WTO will review duties on biodiesel imports...

Corn, soybeans and wheat each saw corrective buying overnight with soybeans leading the way higher. Corn and wheat continue to struggle garnering much bullish momentum despite both markets being oversold.

Corn, soybeans and wheat firmed amid mild corrective buying during overnight trade.

Farm, biofuels coalition responds to Fifth Circuit RFS exemptions decision

The final CCI rating ahead of dormancy was equal to the five-year average for HRW and 14.8 points above average for SRW.

After the Bell | November 27, 2023

Weekly corn inspections missed the pre-report range and fell nearly 200,000 MT from the previous week, while wheat fell nearly 90,000 MT and soybeans nearly 190,000 MT.