The big January S&D and production report is only 7 trading sessions away and traders seem to still be prepping for a bearish report. Both corn and soybeans were weaker last night, with soybeans once again leading the charge down on improved South American weather. It is raining today across central and northern Argentina – which is making the sell button a little too easy to press today.
Other than that it looks to be a quiet end to 2013. There has been some light farmer selling as year-end tax guys weigh in on their situations. The Chicago Board of trade will close today at its normal time of 1:15pm and not reopen until 8:30am on Thursday.
Corn steady to down 2 cents
Soybean down 4 to 6 cents