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Corn, soybeans and wheat each favored the downside overnight following Tuesday’s surge higher.

After the Bell | December 26, 2023

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.