Grain > Commentary > 12-22-2023

12/22/2023

Dec 22, 2023

A very uneventful day of trade to take us into the holiday weekend.  Corn floated back-and-forth, keeping within two cents of unchanged throughout the day.  It was option expiration day for January soybeans and it appeared that there was an agenda in place to make sure January soybeans were pinned at, or near, 1300 at the close.  We did trade to 11 cents higher overnight.  It was an extremely quiet day with no new headlines or USDA announcements.  We finish with corn ranging from fractional to 1 cent higher and soybeans gaining 2-5 cents.  Markets will now remain closed until 8:30 Tuesday morning.

Corn consolidating towards a breakout on our final production report day in 3 weeks.

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