December 11, 2025

Mid-Co Morning Comments:
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• Grain markets are firmer this morning with corn, soybeans, and wheat all posting slight gains. Spreads are firmer with SF/SH in to -8 ¾ and CH/CK to -7 ¼ .
• Another flash sale of soybeans to China is expected this morning, but the amount is in question. A reported 8 boats were put on with China yesterday.
• The CFTC released another COT report yesterday with data from the week ending November 10^th. The data showed the funds long over 194k contracts of soybeans (record is +235K).
• Brazil released CONAB data this morning and showed soybean production down slightly to 177.1 MMTs. Total corn production was raised to 138.9 MMTs total.
• Export sales released this morning for the week ending November 13^th showed corn at 93.7 million bushels and 25.6 million bushels.