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Natural gas prices in Europe at pre-war levels; output in top U.S. gas-producing basin drops by record amount

Corn futures jump to seven-week high amid China optimism, soybeans fade from rally above $15, wheat mixed.

Soybeans built on Tuesday’s gains overnight but failed to get near yesterday’s highs. Corn and wheat futures held in tight trading ranges in thin trade.

Corn export inspections for week ended Dec. 22 were up on the week and short of the high end of expectations, while soybeans landed on the upper end of trade expectations, but trailed the previous week by 210,237 MT.

Corn and soybean futures are firmer as wheat futures retrace early gains. Lean hogs are off to a strong start to the week with cattle futures mixed.

Russia, Ukraine make conflicting comments on ending war

Grain, livestock markets re-open following long holiday weekend as traders eye S. America weather.

Short-term trend turns up for several markets, including corn, soyoil, SRW wheat and live cattle.

No overnight grain trade. Grain and livestock markets will reopen at 8:30 a.m. CT following the extended holiday weekend.

China Covid-19 update | Chinese army swarms near Taiwan | Drone attack in Russia