Grain > Commentary > 12-29-2023

12/29/2023

Dec 29, 2023

Extremely light trade throughout the day. With nothing to really move the market, today's price action was about month-end/quarter-end/year-end positioning. Most market spaces were lower today, including stocks and most other commodities. Soybeans were buoyed in lower trade, finishing 11-14 cents lower, while corn bounced around on either side of unchanged for most of the day and remained within a 5 cent total range. Corn Weekly export sales were on the high end of expectations for corn with 1.242 mln tonnes sold last week. Soybean sales were on the low side at 984k tonnes. The markets will now be closed until Tuesday. Glacial Plains will also be closed on Monday, January 1, 2024. We would like to take a moment to thank you all for a wonderful year in 2023 and we look forward to working with you again in 2024.

2023 corn futures trade

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