West Central Ag Grain Comments 12/22/25 9:03:37 AM
12-22-25
- Grain markets are firmer to start the week, with corn, soybeans, and wheat posting solid gains. Corn spreads are firmer this morning, with CH/CK at -7 ½. Soybean spreads are mixed: SF/SH is a half-penny wider at -10 ¾, while deferred spreads are generally wider.
- For the week ending December 4, export sales totaled 58.2 million bushels of corn and 57.0 million bushels of soybeans. Reporting delays are narrowing, and export sales data should be fully caught up by early January.
- Weekend rainfall exceeded expectations across southern Brazil and much of Argentina. The 10-day forecast remains favorable for most of South America, with additional beneficial rains projected for eastern Brazilian growing regions. AgRural raised its Brazilian soybean production estimate again, now projected at 180.4 MMT (6.6 billion bushels).
- Russia continued attacks on Ukrainian infrastructure over the weekend, including strikes on a port and a rail hub. While the U.S. and Ukraine reportedly held peace talks, fighting has continued. On the global wheat front, Argentine wheat has replaced Black Sea wheat as the cheapest origin on the world market.
- Reminder: Grain markets will close at 12:05 p.m. CT on Wednesday (Christmas Eve) and reopen at 8:30 a.m. CT on December 26 for a full trading session. With President Trump’s executive order closing government offices on December 24 and 26, some USDA reports will be released next week.
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