December WASDE at 11AM

This morning, we will see if the USDA decides to make significant changes in the domestic or world carryouts. US production numbers will stay the same, but they could start cutting corn exports that will have to be addressed by the January report. Soybeans should not change much with both exports and crush performing reasonably well. We could see adjustments to the Argy production numbers as private entities are lowering their estimates already. Let’s use 6.35 & 14.55 for support and 6.55 & 14.95 for resistance. NFC Grain Comments Options -12.9.22 (1)