01/08/25 China Demand, Risk Events & Pre-Report Positioning

01/09/2026 Click Above to Watch the Morning Market Talk Video China Demand, Risk Events & Pre-Report Positioning On the Grains Soybeans rebounded overnight to continue to back-and-forth price action since Monday’s strong gains. Corn and winter wheat markets traded lower overnight, while spring wheat was narrowly mixed. Corn, soybeans and the winter wheat markets are poised for strong weekly gains, while spring wheat is near unchanged for the week. Trader attention today will be on whether USDA announces any more daily soybean sales to China (336,000 MT on Tuesday and 132,000 MT on Thursday), key outside market risk events (see item at the end of this section) and positioning ahead of Monday’s USDA reports. Following are pre-report expectations for the Jan. 12 USDA Annual Production Summary, U.S. and global ending stocks, Grain Stocks and U.S winter wheat seedings based on Reuters surveys. The potential market movers are the final U.S. corn and soybean production figures and Dec. 1 stocks, which will drive changes to U.S. ending stocks. The remainder of the data is ancillary and will be glossed over, though will help provide price direction longer-term. Ag Trade Starts FY 2026 With Smallest Deficit in Nearly 2 Years U.S. exports rose 2.6%…