West Central Ag Grain Comments 12/29/25 10:23:20 AM
12-29-25
- Grain markets are softer to begin the week with corn, wheat, and soybeans lower. March ’26 corn opened at $4.50 but has weakened to $4.47 at the break with $4.45 being a key area of support to watch.
- SF/SH has continued its march wider, trading out to -14 this morning. Corn spreads have drifted wider as well with CH/CK out to -8 ½.
- President Trump and Ukrainian president Zelenskiy are set to meet with hopes of progress being made on the Russia/Ukraine war. Crude oil futures are up $1.40/barrel as the war drags on.
- South American weather forecasts continue to be non-threatening, although temperatures are projected to be warm over the next 5 days. There have been no market premiums from weather scares in South America to speak of this year. Brazilian harvest will begin in some earlier planted areas in about 2-3 weeks.
- Silver futures have had a volatile session with highs around $83. Market is currently trading at $74 and there are some rumors of a bank short squeeze.
- Reminder: First notice day for January ’26 soybeans is Wednesday, and we will report long positions at the end of tomorrow’s session. Have a great day.
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