News
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.
WSJ report OPEC Considering 500,000 barrel-a-day production boost jolts crude oil market
Wheat futures firmer after USDA crop ratings deteriorate; corn, soybeans also firmer.
The HRW CCI rating remains far below average. SRW rating is slightly below average.
SRW wheat futures sink near three-month low on dollar surge, soft demand; corn also lower, soybeans higher.
Corn, soybean and wheat futures held in tight trading ranges while swinging to both side of unchanged during the overnight session.
Export inspections for week ended Nov. 17 revealed soybeans and wheat near top-end expectations, while corn landed mid-range.
Corn, soybeans and wheat futures were lower overnight with cattle higher and hogs under light pressure.
SRW wheat drops near three-month low, corn and soybeans also lower, as U.S. dollar surges, China’s Covid cases rise.
Short-term trend turns bullish for live cattle and lean hog futures.
Disney brought back Bob Iger as CEO and fired Bob Chapek after poor results