News
Soymeal futures surge to four-month high, lifting soybeans, winter wheat extends rally to multi-year highs.
Soybeans are mildly higher with corn futures lower and wheat futures mixed to start the week. Livestock futures are under slight pressure.
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Recent price strength has also turn the short-term trend up for soybean meal and intermediate trend sideways.
The strength in soymeal failed to trigger overnight buying in soybean or corn futures.
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Grain futures seen slightly lower as dollar strengthens, export sales meet expectations, soybeans firmer.
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Export sales for all three were within expectations, with corn sales of nearly 1.1 MMT and soybean sales of almost 1.3 MMT.
After the Bell | November 11, 2021 SRW wheat futures post nine-year high as global supplies tighten, soybeans firmer, corn mostly lower.