Closing Market Report- 12/27/21- Strong Gains in the Soy Complex and Corn


There was plenty of positive money flow into soybeans, soy meal and soy oil on Monday as well as corn. Corn had to largely tag along with soybeans to maintain a good price ration and fight for acres in 2022 in the US. Most of Monday’s trade could be tied to a weather rally as dryness continues in Southern Brazil and Argentina but also it was largely just positive money flow as a hedge against inflation and year end book squaring. Wheat was under pressure as Russian troops moved away from the Ukraine border; possibly a sign of easing tensions. The livestock markets were quiet as hogs were higher after a bullish hogs and pigs report while cattle were slightly lower after an as expected cattle on feed report.

Farm and Ranch Director Jesse Allen has our closing report: