- Crop insurance tracker, day 1
- Corn- 5.77
- Beans- 13.82
- Spring Wheat- 8.73
- Cotton- 1.02
- US soybean crushing hit a record high of 5.95 million short tons (198 million bushels) in December, up 3% on the year and 4% on the month, USDA data showed late Tuesday. The December soybean grinding figure landed 3% above trade estimates with the average daily crush pace at an also record of 191,732 short tons (6.39 million bushels). The report was bullish for soybeans with front-month futures jumping some 8 c/bu in the first 15 minutes of the overnight session (Agricensus).
- Stonex Brazil reduces Brazil soybean production expectations below 127 MMT, corn to 116 MMT.