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Short-term trend turns bullish for SRW wheat.

Soybeans traded higher amid corrective buying overnight, while corn and wheat favored the downside.

Macy’s receives buyout bid | Commentary says ‘tariffs are for losers’ | Chinese pork prices tumbled last week

Biden to host Ukrainian president Tuesday | COP28 summit seeks U.S./China agreement

After the Bell | December 8, 2023

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USDA cut corn, wheat and cotton ending stocks, while leaving soybean carryover unchanged.

Global carryover for corn and soybeans each surpassed pre-report expectations by 1.8 MMT and 1.5 MMT, respectively, largely neutralizing the lower-than-expected U.S. corn carryover.

Markets scaling back rate cut expectations, move to near even in March vs being over 50% for cut in March