Overview
- Corn found support after EIA reported a record 1.196 million barrels per day of ethanol production, with stocks rising and refiner inputs higher.
- USDA export data showed 1.14 MMT of corn sales for the week of January 8 and private corn sales totaling 500,302 MT, alongside South Korean purchase tenders.
- Soybean demand signals strengthened on 2.06 MMT in weekly sales led by China and a separate 334,000 MT private sale to China, with NOPA December crush at 224.991 million bushels.
- Wheat faced pressure from modest weekly bookings of 156,255 MT before a Friday rebound, as total commitments reached 20.392 MMT, 15% above last year.
- Livestock diverged with hogs extending a rally on solid export bookings and firmer cutout values, while cattle turned sharply lower Friday as traders tracked new USDA‑APHIS screwworm cases in Mexico, including six in Tamaulipas.