Corn, Soybeans Slip as U.S. Corn Shipments Top 1 Billion Bushels, Feeders Rally

Overview

• Corn futures fell 7 to 8 cents with the national cash price at $3.99 3/4, even as weekly inspections reached 1.301 MMT and marketing‑year shipments hit 25.57 MMT (1.006 bbu), the first time surpassing 1 bbu before year‑end.
• Soybean contracts lost 9 to 10 cents and cash beans eased to $9.80 3/4, as USDA confirmed a 100,000 MT private sale to Egypt and weekly export inspections totaled 750,312 MT.
• Winter wheat closed 5 to 7 cents lower while spring wheat was steady to slightly higher, with weekly exports at 302,096 MT and marketing‑year shipments at 15.06 MMT, up about 22% from a year ago.
• Feeder cattle futures kept gains of 82 cents to $1.25 into the close as live cattle slipped 17 to 92 cents; cash trade was reported at $229–$230 and USDA estimated last week’s federally inspected slaughter at 429,000 head.
• Cotton edged lower Monday but was up 30 to 40 points early Tuesday, supported by The Seam’s Dec. 26 auction of 9,181 bales at 60.31 cents/lb and an updated Adjusted World Price of 50.02 cents.