12/29/2025 Grains Drift Lower in Light Holiday Trade

12/29/2025 Click Above to Watch the Morning Market Talk Video Grains Drift Lower in Light Holiday Trade On the Grains Grain and soy complex futures are trading lower after showing some strength early in the overnight session. Corn futures are pulling back while holding in the upper end of their three-month range, while soybeans and wheat are trading above recent lows. All is quiet on the China soybean front, with little buzz about purchases of U.S. cargoes and no further news of upcoming auctions of state-owned stockpiles. Brazilian weather remains generally favorable. On the geopolitical front, President Trump said he made “a lot of progress” in talks with Ukrainian President Volodymyr Zelenskiy over a possible peace deal but that it might take a few weeks to get it done. Brazilian Weather to Remain Mostly Favorable Scattered rains and above-normal temps are forecast across Brazil over the next week to 10 days. Rains are expected to be heaviest across central and east-central areas, while light rainfall is likely in south-central and far southern Brazil. Overall, rainfall and soil moisture conditions are expected to remain generally favorable, though the combination of light rains and high temps will be watched in southern production…