West Central Ag Grain Comments 12/05/25 9:10:52 AM
12-5-25
- Good morning. Grains are mixed in another quiet evening. Just a two-cent range in corn and a 5-cent range in beans. Boring stuff. The soybean market has found some disappointment in the absence of any daily flashes this week. The USDA report is next Tuesday. Estimates for the numbers are below. There is no production update so just demand changes. The trade is expecting bean exports to be downgraded, thus a bigger ending stock number for soy. Not much change is expected for corn. The feed number for corn likely needs to come down but it would be rare for the USDA to make any revision until after the quarterly stocks report in January. The monthly ethanol data is still behind so no real changes expected there. The next monthly crush update for grains and oilseeds will be out on the 10th. Despite a strong start to the export season for corn, the chances of another increase in that category are low. The trade is still looking for some small upticks in South American production, but those numbers are likely to stay unchanged at this point in the season. Conab is out with their own updates on the 11th. I probably shouldn’t mention soccer twice in a week, but the World Cup draw is today. In case you aren’t following, the U.S., Canada, and Mexico are all hosting the World Cup together next year. The draw to see which teams go in which groups is today, which means the leaders of all 3 countries will be together. That meeting may mean some trade talk so we will see. A U.S. trade delegation is expected to visit India next week. Another catch-up COT report is out today, this time with data up to October 31st. River values were generally better yesterday for both corn and soybeans. Barge freight continues to be quiet but will need to be watched closely if the river slows down due to chilly conditions. The producer is still missing. The White House is expected to announce an aid package next week. It feels like a quiet finish to the week. Next week will have some more news with the USDA and the FED meeting. Have a safe weekend.
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