March corn is unchanged this morning.
March soybeans are up 7¢.
March wheat contracts are lower this morning. CBOT wheat is down 8½¢. KC wheat is down 5¾¢. Minneapolis wheat is down 5½¢.
This morning, USDA announced unknown destinations are buying 227,200 metric tons of soybeans — 152,200 metric tons for the 2024/2025 marketing year and 75,000 metric tons for the 2025/2026 marketing year.
USDA also released the weekly U.S. Export Sales report this morning. The Brock Report offered this analysis:
“Net U.S. corn export sales for the week ended Dec. 12 came in at 46.3 million bushels, in line with trade expectations that ran 27.5-63 million bushels, and up slightly from the previous week’s sales of 37.3 million bushels. The sales total is not likely to provide any support for corn prices.
“Net weekly soybean export sales totaled 52.3 million bushels, in line with trade expectations that ran 30.5-73.5 million bushels, and above the previous week’s sales of 43.1 million …