Corn futures settle near five-month high on strong exports, soybeans and wheat lower amid Covid concern.
Concerns about a new, heavily mutated variant of Covid-19 produced high anxiety among traders overnight, as global stock markets and oil prices plunged, while bonds surged (yields dropped) amid heavy risk-off trade.
Soybean export sales were within the range of pre-report estimates.
More questions than answers on new Covid variant but fear, uncertainty rule markets today
Grain, soybean futures end lower in pre-holiday liquidation trade, cattle futures post fresh highs on cash strength.
General Mills will raise grocery prices, ethanol exports are expected to rise to a record and feedlots pass on higher cash cattle prices...
USDA forecasts record FY 2022 ag trade despite trimming exports | New record for ethanol exports
Wheat futures extend rally to nine-year highs ahead of Thanksgiving holiday, corn near three-week highs, soybeans firm.
Cash DDG prices plunge.
