This morning, the commodity market has shown a mix of movements. March corn remains unchanged, while March soybeans have seen a significant increase of 7¢. On the other hand, March wheat contracts are lower, with CBOT wheat down 8½¢, KC wheat down 5¾¢, and Minneapolis wheat down 5½¢.

USDA Announcement

This morning, the USDA made an important announcement. Unknown destinations are set to purchase 227,200 metric tons of soybeans. Specifically, 152,200 metric tons are for the 2024/2025 marketing year, and 75,000 metric tons are for the 2025/2026 marketing year. This news has added a new dimension to the soybean market.

USDA Weekly Export Sales Report

The USDA also released its weekly U.S. Export Sales report this morning. According to The Brock Report's analysis, net U.S. corn export sales for the week ended Dec. 12 reached 46.3 million bushels. This is in line with trade expectations that ranged from 27.5 to 63 million bushels and is slightly higher than the previous week's sales of 37.3 million bushels. However, this sales total is not expected to provide any significant support for corn prices.For soybeans, net weekly export sales totaled 52.3 million bushels. This is in line with trade expectations that ranged from 30.5 to 73.5 million bushels and is above the previous week's sales of 43.1 million bushels. While the sales total is solid, it may not be enough to divert traders' attention from the huge South American production and the strong dollar.Regarding wheat, The Brock Report later added that net weekly wheat export sales totaled 16.8 million bushels. This is toward the high end of trade expectations that ranged from 8.5 to 20.5 million bushels and tops the previous week's sales of 10.7 million bushels. The sales total appears to offer mild support for wheat futures.

Live Cattle and Feeder Cattle

In the livestock market, February live cattle are down $1.33 this morning. March feeder cattle have also experienced a decline of $1.95. This shows a downward trend in the cattle market.

Lean Hogs and Crude Oil

February lean hogs are up 13¢, indicating a positive movement in the hog market. However, February crude oil is down 22¢, suggesting a bearish trend in the oil market.

Stock Market Futures

In the stock market, March S&P 500 futures are up 21 points, and March Dow futures are up 147 points. This shows some optimism in the stock market.Published: 9:58 a.m. CT