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Corn, soybeans and wheat faced mild followthrough selling overnight after heavy losses to open the new year on Tuesday.

After the Bell | January 2, 2024

Weekly corn inspections during week ended Dec. 28 were down over 650,000 MT from the previous week to 570,000 MT. Wheat and soybean inspections were also down 187,000 MT and 156,000 MT, respectively.

The Current Conditions Index for December was 112, while the Future Expectations Index was 115, both down one point from the previous month.

Corn, soybeans and wheat open the week under pressure. Cattle futures are sharply higher with hogs mildly higher...

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Grain markets were closed overnight due to the holiday and are set to open at 8:30. A surging U.S. dollar index is likely to pressure both corn and wheat, while falling crop estimates are likely to support soybeans.

Short-term trends turn bearish for corn and soyoil.