The week between Christmas and New Year’s Day is supposed to be reserved for binge watching movies. However, this first trading day after the three-day break had some notable developments:

Volume was higher for corn, soymeal, soyoil and hogs.   March soybeans briefly breeched the $15 level. February Live Cattle hit a new contract high of 158.425/cwt. 

Today’s USDA Grains Inspected report for last week came in around as expected, which is not bad considering the period featured an Arctic freeze and a slower Mississippi River. 

However, the weekly movements are still too slow of a pace to meet USDA’s predicted exports for the market year. This is especially true for corn. Again, it cannot all b...