3 Big Things Today, December 6, 2024 [Video]

Soybean and grain futures were little changed in overnight trading as investors weigh signs of demand for U.S. agricultural products against favorable weather in South America. 

Exporters sold 136,000 metric tons of U.S. soybeans to China for delivery in the 2024-2025 marketing year, the Department of Agriculture said in a report yesterday. 

That follows sales of 30,000 tons of soybean oil to South Korea and an additional 134,000 tons of soybeans to China that were also announced this week. 

About 21.7 million metric tons of soybeans have been exported since the start of the marketing year on Sept. 1, USDA data show. That’s up 19% from the same timeframe last year. 

Corn sales are up 33% year over year to 11.4 million metric tons. 

Wheat sales since the start of the grain’s marketing year on June 1 are now at 10.8 million metric tons, a 33% increase from the same …