Daily Grain Marketing Update

Corn (December)

Fundamentals: Yesterday’s Crop Progress report showed good/excellent ratings at 72%, 3% better than last week, and a notch above expectations. Weekly Export Inspections came in at 797,000 metric tons, below the low end of expectations. As mentioned in previous reports/tv/radio interviews, we see a lot of fundamental headwinds that could keep a lid on any meaningful rally.