Floor Talk December 27
Soybeans were higher overnight while corn and wheat were little changed. Beans gained on dry weather in South America -- rains over the weekend were disappointing and dry weather is forecast for the next 10 days. That potentially will further harm crops in Argentina, underpinning prices in a low-volume week. Soybean futures gained 3 cents. Corn and wheat were both down by less than a penny. Export inspections, which were reported a day late like everything else will be this week and next, were down weekly. Inspections since the marketing year started for corn, beans and wheat all trail the year-ago pace, according to the USDA. In weather news, you're going to need to bundle up if you plan on exiting your home today as it's cold pretty much everywhere north of Amarillo. Wind chills in the Midwest and Plains are forecast from about minus-20 to minus-40. That's dangerously cold for plants (overwintering wheat) and people (don't leave any skin exposed if you're venturing out). See all the details in today's 3 Big Things at https://www.agriculture.com/news/three-big-things/3-big-things-today-december-27.
Brent Crude Oil = down 1.3%.
West Texas Intermediate = down 0.8%.
Dollar = down 0.3%.
Wall Street = U.S. stock futures mixed in pre-market trading.
World Markets = Global stocks higher overnight.