Disappointing Export Sales Weigh on Grain Markets

Grain markets are expected to open lower today due to disappointing export sales. Corn and wheat prices have fallen below support levels, which could attract technical buyers. However, soybeans have shown some strength after opening lower.

The USDA reported daily sales of 120,000 MT of soybeans for delivery to China during the 2026-27 marketing year. This is a bearish sign as the higher dollar and prices may be crimping demand.

U.S. Treasury Secretary Scott Bessent has announced that he and Chinese Vice Premier He Lifeng have agreed to extend the trade truce reached in South Korea last fall for two months, to January 10.