Stocks and crude rebound

Corn and soybeans finished mixed yesterday and are near unchanged overnight. We had a nice recovery in crude oil and the stock market. There was some pressure from a big jump in Omicron cases and the failure of the infrastructure bill to pass in the senate but it could not keep the pressure on for more than a day. There is some unrest between Saudi Arabia and Yemen with news of a drone shot down in SA and they fired retaliatory missiles into Yemen. The crude jumped $2 off the lows when that news came across the wire. Export inspection were good for corn and soybeans but soybeans overall are behind last year and have analysts worried about a much bigger carryout. NFC Grain Comments 12.21.21 (1)