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Traders covered more short positions in the soybean and wheat markets overnight, while corn rebounded from Monday’s losses.

FAPRI analysis

Evening Report

After the Bell

Crops Analysis

Livestock Analysis

Market Snapshot

Corn inspections during the week ended Dec. 26 led the decline, falling 268,000 MT from the previous week, while soybean and wheat inspections dropped 204,469 MT and 68,238 MT, respectively. However, net inspections were within pre-report estimates.

Corn, soybeans and wheat futures are all off to a higher start alongside livestock futures, which are mostly higher, as well...

Corn continues to lead strength, making new highs, which has supported the grain and soy complex.