News
Soybean futures pushed to their highest levels since September overnight, while corn and wheat were supported by end-of-the-month corrective buying.
SRW wheat futures sink to three-month low amid concern over Covid protests in China; corn, soybeans also lower.
Limited movement in short-term price trends during the holiday week.
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Corn, soybean and SRW wheat futures faced pressure overnight amid concerns with mounting Chinese Covid protests.
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Corn ended the abbreviated session higher despite an overall negative tone in grains as well as outside markets.
Corn and soybean basis continues to rebound from the harvest lows.
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No overnight trade in the grain markets. Grain and livestock markets open at 8:30 a.m. CT and close at 12:05 p.m. CT.
Soybean export sales cooled off for week ended Nov. 17 after the previous week’s large 3 MMT figure. Corn export sales land at over 1.8 MMT, still on the low-end of expectations, with wheat short of top-end by 88 MT.