Multiple weather systems brought heavy rain and snow to many areas of the U.S. over the past week. Get more details.
Soybean futures posted double-digit gains, while corn finished slightly higher and wheat was narrowly mixed. Mostly firmer price action as seen in livestock markets today.
Traders prepare for the holiday. Evidence is building for a seasonal low in corn and beans. Cattle are said to trend in a 10-year cycle, the model uses a nine-year version.
After trading firmer for much of the daytime session, soybean futures slipped just below unchanged on the close. Wheat and corn futures posted bigger declines. Cattle futures closed sharply lower, while hogs were slightly to moderately lower on the day.
ERS further reined in its forecast for both net farm income and net cash farm income this month.
Five-day rainfall totals could reach 4 to 8 inches across the southeastern Plains and mid-South. Get more weather highlights.
A sign of an oversold market is when a sizable positive reversal occurs on a bearish fundamental event. Soybeans closed higher following news of political change in Argentina.
Find out how our weighted Crop Condition Index assesses the winter wheat crop and how its ratings compare to year-ago.
As of Sunday, November 29
Feels Like 25°