West Central Ag Grain Comments 12/08/25 9:46:39 AM
12-8-25
- Good morning. Monday ag markets at the CBOT are mixed this morning coming out of the weekend, with the grain markets trading quietly in the green and the soy complex seeing additional chart-related selling pressure to start the new week. With the USDA's December WASDE update on deck for Tuesday and there still being an ongoing dearth of fresh fundamental news otherwise, we would expect choppy trade to once again be the most probable outcome for the day today and most of the morning tomorrow as traders position for the numbers. Elsewhere, the markets will also likely see a bit of additional macro influence this week from the Federal Reserve's next interest rate decision, which will be had on Wednesday. Corn futures to get the week started this morning are trading unchanged to a penny higher, soybean futures are trading 3-4 cents lower, and the Chicago wheat market is trading 1-2 cents higher. Products are lower, soybean meal is down around 50 cents/ton and soybean oil is down 10-20 points. Outside markets are also quietly mixed to start - crude oil futures are down 70-80 cents/bbl, the Dow Jones index is up 30 points and the US$ index is unchanged; the S&P500 is up 10 points and the NASDAQ is up 80 points
|
|
