For a report day, it was a rather uneventful market trade on Friday. USDA did not make many changes in the December WASDE report other than corn exports dropping for the U.S. and Argentina wheat production falling. The market trade was quiet before and after the report with wheat seeing a little pressure but corn and soybeans mixed. More new contract highs in soybean meal and also a solid day in cattle on Friday.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
Also, more analysis with Kristi Van Ahn-Kjeseth of Van Ahn & Co and coverage of the United States Cattlemen’s Association convention on today’s Market Talk below:
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