CORN

• Corn futures are lower at midday, pressured by the wheat market. March futures are down 3-00 cents to $4.36-1/4 while May futures are 3-1/4 cents lower at $4.44-1/2.
• Export sales for corn remain favorable after a third straight session with a flash sale yesterday morning. US exporters sold 150,320 MT of corn to unknown destinations.
• French ending stocks are now seen at 1.86 mmt, down from the previous estimate of 1.97 mmt.

SOYBEANS

• Soybean futures are weaker at midday. January futures are down 7-1/4 cents to $10.64-1/2 while March futures are 7-1/4 cents lower to $10.74-00.
• According to AgRural, soybean planting in Brazil is now seen at 97% complete, up from 94% planted a week ago.
• NOPA crush fell in November, totaling 216.041 mb. This was down 5.1% from October but up 11.8% from November of 2024.

WHEAT

• All three wheat classes are lower at midday, pressured by lack of demand and higher global supply forecasts. March Chicago futures are down 11-00 cents to $5.09-3/4, March KC is down 5-1/2 cents to $5.06-1/2, and March Minneapolis is 2-1/2 cents lower to $5.66-1/4.
• Egypt wheat imports have fallen 17% year-over-year, according to the supply minister. An increase in local buying led to the decision to cut back on imports.
• French SRW stocks were lowered to 2.74 mmt, down from the previous forecast of 2.84 mmt. However, the planted area is expected to increase by 2.3% year-over-year.

Author

Tanner Wilson