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Producer Price Index Rises More Than Expected

Corn, soybeans and wheat traded mildly higher in light overnight action as traders awaited USDA’s December crop reports later this morning.

Soybeans climb near highest since mid-September on China demand, soymeal rally; winter wheat lower; corn firmer.

Our updated monthly and quarterly price forecasts.

October beef exports reach record high, Canada will curtail fiscal tightening and Putin calls Ukraine incursion a success...

Soybeans climb to 2 1/2-month highs on strong demand; corn, wheat firmer on bargain buying.

Weekly export sales for week ended Dec. 1 reported soybean sales over 1.7 MMT, topping expectations by over 500,000 MT and were up over 1 MMT from the previous week. Corn landed mid-range at 691,600 MT.

As of Dec. 6, 79% of the U.S. was experiencing abnormal dryness/drought, according to the U.S. Drought Monitor, down one percentage point from the previous week.