HIGHLIGHTSHungry For More: The USDA said China bought 198,000 metric tons of soft red winter wheat for delivery in the 2023/24 marketing year. Corn stocks are forecast to rise 1 million bushels to 2.16 billion bushels in the 2023/24 marketing year, while soybean stocks are expected to drop 3 million bushels to 242 million bushels. Wheat stocks are expected to be unchanged at 684 million bushels. Russian wheat exports totaled 3.4 million metric tons for the month, down from 4.3 million tons at this time last year, according to the research firm. AHEAD--The EIA will release its weekly ethanol production and stocks report at 10:30 a.m.

Source: Wall Street Journal December 06, 2023 02:53 UTC