-CBOT resumed to normal trading this week, after the US Thanksgiving holiday week last week.
-Corn futures closed mixed, and soybean and wheat futures were lower. Soybeans did trade higher in the overnight session, but could hold the gains through the day today.
-US weekly export inspections were within trade expectations for the week. Corn, soybeans, and wheat inspections were all lower vs. last week.
-Year to date inspections for corn at 435.81 million bushels represents 19% of USDA's crop year estimate. Soybeans at 800.74 mil bu represents 44% of USDA's crop year estimate. And wheat exports sit at 49% of USDA estimate after reporting 10.88 mil bu for last week.
-US has seen higher inspections for this time of year over last, corn is 31% higher year over year, soybeans 16%, and wheat 49%.
-US export sale of 134,000mt to China was announced this morning.
-The likelihood of a US interest rate cut in December is dropping, a month ago the probability was sitting at 83% vs. now at 64% chance of a .25% decrease.
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