Overview
- Futures for corn, soybeans, and wheat extended losses to start the week, with several contracts near multi‑week lows on bearish chart signals.
- USDA export inspections showed 488,025 metric tons of wheat shipped for the week of December 11, lifting marketing‑year shipments to 14.124 million tons, up 21.9% from a year ago.
- Corn export inspections reached 1.589 million tons for the latest week, taking 2025/26 marketing‑year exports to 22.501 million tons, about 69% above last year, and private exporters reported a 150,320‑ton corn sale to unknown buyers.
- USDA catch‑up export sales indicated 1.84 million tons of corn booked in the week of November 20, while wheat sales totaled 361,715 tons, a five‑week low.
- Global supply headwinds persisted as Argentina’s Rosario exchange raised its wheat crop outlook to 27.7 million tons and Russian seaborne grain shipments in November rose 26.6% year over year.