Livestock Analysis | November 27, 2023
Market Snapshot | November 27, 2023
Weekly corn inspections missed the pre-report range and fell nearly 200,000 MT from the previous week, while wheat fell nearly 90,000 MT and soybeans nearly 190,000 MT.
Corn, soybeans and wheat open the week under light selling pressure. Fat cattle are firmer with lean hogs mixed this morning...
Israel-Hamas cease fire will likely be extended several days and oil is falling as a result
Corn, soybeans and wheat each saw corrective buying overnight though saw renewed selling pressure into the break.
Short-term trend turns bearish for lean hog futures.
Corn, soybeans and wheat firmed amid mild corrective buying during overnight trade.
OECD economic outlook | COP28 | Hostages released | Farm income & ag trade forecasts
Grain markets fell under heavy selling pressure in Friday's abbreviated session.