News
Grain and livestock markets ended the week with a mixed tone, with corn futures ending the week on a high note.
Dollar declines | Yen rallies | Gold up | Mexico’s president refutes Trump’s border closure claim
No grain trade overnight. Grain and livestock futures resume trade at 8:30 a.m. CT for an abbreviated session.
Soybeans led corrective strength overnight with corn following to the upside. Wheat fell under selling pressure, though buying efforts picked up into the break.
U.S. ag trade deficit surges to $45.5 billion | Mexico, China comments on Trump tariff threats
Soybean basis dropped and remained weaker than average.
Corn, soybeans and wheat held in relatively tight trading ranges during a quite overnight session.
Selects Kevin Hassett as NEC director, Vince Haley to lead Domestic Policy Council
Trump’s tariff threats shake markets, reignite trade tensions, including USMCA | Currency trade war with China?
Wheat futures led strength overnight with soybeans showing surprising strength following a gap lower on last night’s open. Corn traded on either side of unchanged with minimal volatility.
Corn, soybeans and wheat faced pressure earlier in the overnight session but have firmed and are trading near session highs.
Both the HRW and SRW crops posted notable improvements for the final crop condition report of the fall.
Key topics addressed | If found in U.S., would take billions of dollars to eradicate
APHIS to hold briefing update later this afternoon
Weekly soybean inspections during the week ended Nov. 21 fell 164,413 MT from the previous week but were still notable at 2.1 MMT. Meanwhile, corn and wheat inspections each rose on the week.
Some ag groups fret over choice, but sources give her high marks