01/05/2026 Corrective Buying Supports Grains Overnight

01/05/2026 Click Above to Watch the Morning Market Talk Video Corrective Buying Supports Grains Overnight On the Grains Soybeans led a round of corrective buying to kick off the first full trading week of the new year after falling to the lowest level since mid-October during last Friday’s low-volume holiday session. Corn and wheat also traded higher on corrective rebounds overnight. Much of the focus will be on export demand as traders wait to see if USDA confirms any soybean business by China. USDA will release export sales data for the week ended Dec. 25 at 7:30 a.m. CT. That will be the last of the backlogged export sales data. On Thursday, USDA will be back to a normal schedule with weekly export sales data. Brazilian weather is another focus, with conditions remaining generally favorable. Forecasts trend drier across central, eastern and northern production areas over the next two weeks, but there isn’t any threatening heat in the outlook and harvest of early-maturing soybeans is underway. Geopolitics are also being monitored closely, with the U.S. capture of Venezuelan President Nicolas Maduro the latest development, though the crude oil market reacted modestly overnight. Meanwhile, Russia continues to carry out strikes on…