Greece to send frigate to Red Sea, Foreign investment in China declines and feedyards pass on steady cash cattle bids...
Wheat futures showed relative strength overnight despite weakness in the soy complex, while corn traded in a tight range.
Pork export sales for 2023 and 2024 were strong and weekly shipments were a high for the year.
Corn, soybeans and wheat traded in narrow ranges during the overnight session.
Fuel prices continue to drop.
Basis firmed for soybeans and is now positive.
Top stories for Dec. 20, 2023
The ag markets saw selling pressure across the board today aside from cattle, which rose on anticipation of firmer cash trade.
The ag complex saw extensive selling pressure across the board today, with corn, soybeans, wheat and cotton each facing selling pressure.
Talk of higher cash traded lifted cattle futures Wednesday, while hog futures continue to fall under seasonal pressure.