Agricultural futures were mixed today with generally higher volume except in soybeans and corn. Traders were cautious not to get out ahead of their skis given the historical propensity for USDA’s January WASDE report to contain curve balls (see below). New sales of soybeans to China made for a confident open. Reports Export Sales: USDA’s weekly Export Sales report saw last week’s new corn commitments hit a marketing year low, and shipments were down as well. But it was a holiday week and U.S. corn remains competitive. Soybean shipments were solid but new sales were the lowest since mid-November. New commitments for wheat were up from the prior week’s marketing year low.
WASDE: USDA will present a market...