Grains are called to open quietly as traders wait for export sales reports on Monday morning. In the Headlines The market continues its shift into holiday mode, with grains and livestock trading a short session to 12:05 central on Christmas Eve before full closures on the next two Thursdays. Equity futures, interest rates, energy, and metals will open up on the evenings of Christmas and New Year’s. President Trump issued an executive order closing federal offices on December 24th and 26th, but those days are not permanent federal holidays, as that would require legislation by Congress. Mail will be delivered as normal and most banks will stay open. USDA did announce rescheduling for some reports, including export sales. Flash sales for soybean exports were announced on four out of five days last week. Private estimates suggest Chinese soybean purchases of around 8 million metric tons to compare with the 12 mmt target that everyone has been focused on. U.S. soybean prices held firmer than Brazilian export offers last week, at $425 per ton out of the Gulf and $420 from Brazil’s Port of Paranagua. On Saturday, U.S. Coast Guard personnel seized another oil tanker off the Venezuelan coast. The Panamanian-flagged…
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