Listen to the SF Daily podcast for today, December 31, 2025,

Today is the final trading day of the year, with market action focused on year-end positioning. The January 12 WASDA report, which will include final old crop production numbers and quarterly grain stocks, is highly anticipated. Brazil's soybean harvest is off to a strong start, while Argentina faces drought conditions. The Iowa Department of Agriculture reported a new case of highly pathogenic avian influenza, impacting 15 birds, bringing the total affected to nearly 185 million since 2022. Live cattle prices are supported by tight numbers, but box beef prices are low. Arctic air is expected to surge, bringing snow showers across the Midwest and Northeast.

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