Grains in the Green | Thursday, December 5, 2024 [Video]

March corn is up 1¾¢ this morning.

January soybeans are up 6¾¢.

March wheat contracts are also higher. CBOT wheat is up 5¾¢. KC wheat is up 7¼¢. Minneapolis wheat is up 7¼¢.

This morning, USDA announced China is buying 136,000 metric tons of soybeans for the 2024/2025 marketing year.

USDA also released the weekly U.S. Export Sales report for the week ending Nov. 28. Regarding the report, The Brock Report said:

“Net U.S. corn export sales for the week ended Nov. 28 came in at 69.1 million bushels, topping trade expectations that ran 31.5-61 million bushels and the previous week’s sales [total] of 44.4 million bushels. The sales total should be supportive for corn prices, especially since it was for a holiday-shortened week.

“Net weekly U.S. soybean export sales came in at 85 million bushels, near the high end of trade expectations that ran 40.5-88 million bushels, and down only slightly from the previous week’s big sales of 92.2 million bushels. …