Commodity Prices Overview

As of 9:14 a.m. CT, the markets reflect a mixed performance among key agricultural commodities. March corn has dropped 1¾ cents, trading at $4.46¼ per bushel. In contrast, January soybeans have seen a slight increase, up less than a penny, now at $10.87¾ per bushel.

Meanwhile, wheat futures are also experiencing downward pressure. The March CBOT wheat is down 5 cents at $5.29½ per bushel, while March Kansas City wheat is down 2¾ cents at $5.24¼. March Minneapolis wheat remains unchanged at $5.76¼.

Expert Insights on Market Trends

This morning, Cole Raisbeck, a commodities broker with Kluis Commodity Advisors, emphasized the importance of monitoring local basis and spreads in these quieter market conditions, stating, “In quiet markets, it becomes even more important to watch local basis and spreads, since those can provide opportunities. That’s what we’ll be keeping an eye on as we move through the rest of December.”

USDA Export Sales Announced

In other news, the USDA has reported several new export sales, which include:

• China purchasing 136,000 metric tons of soybeans for the 2025/2026 marketing year.
• Unknown destinations acquiring 119,000 metric tons of soybeans for the same marketing year.
• Another 212,000 metric tons of soybeans sold to unknown destinations.
• Poland importing 120,000 metric tons of soybean cake and meal for the 2025/2026 marketing year.

Livestock and Other Commodities Update

As of 9:15 a.m. CT, January feeder cattle are showing an increase, up $1.98 to reach $337.48 per hundredweight (cwt). February live cattle are also gaining, up 70 cents at $227.65 per cwt. February lean hogs have increased by 65 cents to stand at $82.53 per cwt.

In the energy markets, January crude oil is down 35 cents, currently priced at $57.90 per barrel. The U.S. Dollar Index for December is tracking lower at 99.03.

Market Indices Performance

At 9:10 a.m. CT, the S&P 500 Index saw a modest increase of 1.51 points, while the Dow Jones Industrial Average rose by 113.26 points.