The big news for markets today circulates around the USDA December report that came out at 7:30 a.m. this morning.
For U.S. Carryover Numbers:
• Corn: Unchanged, sitting at 647 million bu (Nov projection at 647 million)
• Beans: 130 million bu, down from Nov projection of 140 million
• Wheat: 745 million bu, up from Nov projection of 704 million bu
• Cotton: 5.4 million bales, down from Nov projection of 5.8 million