Markets are turning their attention to the holidays, with trade volumes thinning and a quieter tone settling in across the board. Export reporting is nearly caught up, with traders expecting to be current on export data by January 8th, which should help bring clearer direction into the new year. Wheat saw some back-and-forth action as positions flipped, while the cattle market struggled to hold onto the green gains posted earlier in the week, fading after Monday’s strength. Overall, it’s a pause-and-watch environment as the year winds down.
