Grain Market Commentary 12/23/25
CBOT Pricing:
Corn traded higher overnight before fading to finish the session nearly unchanged during light holiday trade. The Mar26 contract ended the day up 1/4 cent at $4.475. The May26 and Jul26 contracts both finished 1/2 cent higher at $4.555 and $4.605, respectively.
Soybeans closed down 1 to 2.5 cents, pressured by weak export demand and expectations for a large South American crop. Despite finishing lower, additional losses were limited by broad-based support across the commodity markets. The Jan26 contract settled down 2.5 cents at $10.515, while the Mar26 contract closed 2 cents lower at $10.6375.
Market Headlines:
There were no USDA sales announcements this morning:
Daily export sales are compiled and released at 8:00am CST on the following business day. Exporters are required to report any single-day sales totaling 100,000 metric tons or more of one commodity. No qualifying sales were reported in today’s release.
US – Indonesia trade deal:
The US and Indonesia have reached agreement on a tariff framework that is expected to be signed by President Trump and Indonesian President Subianto in January. Reports indicate the US would gain access to Indonesian critical minerals in exchange for granting tariff exemptions on Indonesian palm oil, tea, and coffee.
Wheat futures rose based on renewed Black Sea concerns:
Over the past several days, both Russia and Ukraine have escalated attacks. Russia has increased strikes on Ukraine’s Odesa region, which includes the country’s largest Black Sea port. Ukraine carried out a drone strike targeting Russia’s Black Sea port of Taman. The attacks have damaged infrastructure and slowed the movement of commodities such as grains, fertilizers, and oil, raising concerns about reduced global supply. On this news, March wheat futures gained nearly 6 cents on Monday and added another 2.25 cents today to close at $5.17.
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