30 Day Corn Outlook

Throughout the month of December, attention will remain on Brazilian beans and weather. Many producers opted to wait for seasonal precipitation to plant beans, which has yet to come and has led to late planting across the nation, which will ultimately lead to a delay in planting of safrinha corn- which makes up 75% of Brazilian corn production. While Brazilian weather has driven the bean market over the past month, the coming month will provide more clarity over how weather is and will impact Brazilian corn planting. Brazilian producers are expected to cut corn acres over adverse conditions and low prices, to the extent at which they will cut could become clearer over the coming month.

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30 Day Wheat Outlook
Weather in major wheat-growing regions of the world will remain close to the front burner of the wheat markets. World Weather Inc. today said snow cover part of the U.S. central Plains is protecting winter crops, although there is no threatening weather coming and all the snow will soon disappear due to warm temperatures. Warming in December may bring some wheat out of dormancy once again in the central Plains and Midwest. Wheat conditions are rated favorably in China, India, much of the CIS and many areas in Europe. Australia’s harvest has been delayed recently by rain, but weather conditions are improving now. Crop conditions in Argentina are rated good for wheat, but there have been harvest delays at times due to rain.