West Central Ag Grain Comments 12/10/25 8:18:53 AM
12-10-25
- Grain markets are lower this morning, with March corn hovering near $4.46. Spreads are slightly wider, with CH/CK at –8 and SF/SH at –11 ¾.
- CFTC data showed that funds were long 178,683 contracts of soybeans week ending November 4th. The sizeable length in soybeans and soy meal leaves the soybean market vulnerable going into the end of the year.
- Argentina reduced export taxes by 2% on soybeans and soy products, moving rates to 24% on soybeans and 22.5% on soy products. The cut should enhance Argentina’s competitiveness on the global export market.
- USTR Ambassador Jamison Greer told the Senate Appropriations Committee that the deadline for China’s commitment to purchase 12 MMT of U.S. soybeans should be interpreted as the end of the “growing season,” not the end of December or January. Greer acknowledged a discrepancy in the fact sheet previously released by the White House.
- The south American weather forecast has improved: models agree that improved rainfall is likely to occur in Argentina and Southern Brazil after a stretch of warm and dry weather.
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