Wheat futures sank lower the day before the December WASDE on concerns that the USDA will cut its U.S. export forecast in the coming report. Certainly, the slow pace so far this year could justify such a move, and traders were taking risk off the table heading into the report. Similarly, the market viewed soybeans as at risk of export cuts and pushed that market lower before a rally in soymeal helped pull futures 10 cents higher by the close. The EPA’s new biofuel mandates cratered the soyoil market overnight, but technical buying returned around mid-day to push the market off the day’s lows. Corn futures were largely flat in two-sided trade heading into the December WASDE.  Outside markets were mostly higher and supportiv...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, China, North America, South America