Surprising data came out of today’s WASDE report, giving traders plenty to chew on. USDA raised its corn production and yield estimates above trade expectations, pushing U.S. ending corn stocks up to about 2.2 billion bushels, slightly more than analysts anticipated, a development many view as a bit bearish for prices. Soybean ending stocks were also lifted to around 350 million bushels, higher than forecast. Wheat ending stocks saw a modest increase as well.
Outside markets helped shape the trade tone, with metals in focus and silver showing a repricing event. Meanwhile, the ongoing exchange between President Trump and the Fed chairman continues to add a layer of uncertainty for broader markets, keeping traders on their toes through the start of 2026.
Monday Market Wrap Up with Brian Splitt at AgMarket.Net
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