Tidbits, Crude Oil Blockade & Sanctions, Beans Auctions & Sales, Wheat, Broilers & Ethanol 12/18/25
- Wright team
- 58 minutes ago
- 5 min read
Tidbits
Technically, March corn is looking good after testing its 100 day moving average the past three days and then settled up 4¢ yesterday. March beans traded 6¢ higher early yesterday, then 7¢ lower later before settling down 2¾¢, about 10¢ below its 100 day moving average and a little below the bottom of the gap from 27 October. The Relative Strength Index (RSI) is 21.36 is quite supportive. Fundamentally, the market is talking about Brazil’s “bigger than ever” bean crop growing with a good weather forecast. More analysts are saying China will buy or already has bought the agreed 12 million mts of U.S. beans.
Yesterday morning the USDA announced the sale of:
198,000 mts of old crop soybeans to China
125,000 mts of old crop soybeans to unknown
177,055 mts of old crop corn to Mexico
132,000 mts of old crop white wheat to China was cancelled. This sale was first reported on November 20, 2025. The cancellation information will be included in the Weekly Export Sales report to be issued on 29 December 2025.
China is selling large volumes of soybeans from its state reserves, as it steps up purchases from the U.S. to fulfill an agreement between the two countries. Beijing often auctions soybeans to manage and rotate supplies from its substantial state reserves, but these are the first sales since it resumed buying from the U.S. following the trade truce with Washington.
Want to read more?
Subscribe to wrightonthemarket.com to keep reading this exclusive post.