12/09/25 USDA Report Day Should Unfold Without Fireworks

  https://youtu.be/D2DIS5GXZQU?si=MNTRWskh3s0NWpBP   On the Grains   Grain and soy markets were quiet overnight ahead of USDA’s December WASDE Report at 11 a.m. CT. Corn and wheat futures firmed, while soybeans modestly extended their recent sharp losses.   There will be no U.S. corn and soybean production forecasts this month, putting focus solely on the demand side of the 2025-26 domestic balance sheets. With corn export sales and ethanol use starting the marketing year on record paces, analysts expect USDA to cut projected ending stocks. Given the sluggish start to soybean exports, which is offsetting record crush, USDA is expected to raise ending stocks. Projected wheat carryover is expected to decline after last month’s bigger-than-anticipated increase. USDA will also update global ending stocks, though those figures will take a back seat to the U.S. figures.   This morning’s reports should be just a formality of USDA fine tuning its balance sheets, which would keep focus on Chinese soybean demand, South American weather, trade happenings and macroeconomics, as traders prepare for end-of-year positioning. Perhaps the most enlightening aspect will be any additional comments on Chinese soybean demand – if there are any. Traders will have to wait another month for what…