Tidbits, December S&D Highlights, Crops & Crude Oil Estimates 12/10/25
- Wright team
- 2 days ago
- 4 min read
S&D Highlights
Corn: On yesterday’s S&D, corn received the strongest boost as exports increased by 125 million bushels and the carryover was reduced by the same amount to 2,029 million bushels, a 45 day supply, down 4 days from last month and well below market expectations. As is normal for December, there were no production changes on this S&D.
World corn carryout was reduced by 86 million bushels, but the days’ use needle was not moved and is still at 79 days compared to 85 days the most recently completed marketing year and 94 days two marketing years ago. Lower corn production estimates in Ukraine and Canada tightened foreign availability.
Soybeans: There were no changes in the domestic soybean S&D, which is friendly because the market was expecting a 19 million bushel increase on the U.S. carryover. South American production crop estimates were left unchanged as were China’s soybean exports unchanged at 112 million mts for this marketing year. Export projections for all three of the world’s top soybean exporters were unchanged. The world soybean carryover was 337,000 mts more than last month, but 463,000 mts less than the market expected.
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