It might be almost Christmas, but U.S. growers are unwrapping early presents with grains on track for higher closes this week. Wednesday’s trade showed March corn up 4 1/4 cents, March soybeans up 22 1/4 cents and March Chicago wheat up 15 cents. We are seeing active demand for grain and oilseed supplies at historic levels. Demand for cash HRW wheat and cash soybean meal seem to be especially unquenchable these days, but demand for corn is also doing well, thanks to strong ethanol demand. Meantime, cattle and hogs had another strong day with spillover strength from grains and outside markets.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
Also, more analysis with Jesse Allen and Mike Zuzolo from Global Commodity Analytics on today’s Market Talk: