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After the Bell | November 30, 2023

Our updated monthly and quarterly price forecasts.

As EU/Mercosur near closing trade deal, U.S. ag sector anxiety increases re: trade policy

Vilsack expects Chinese corn demand to return to U.S., Eurozone inflation continues lower and feedlots hold out for higher cash cattle bids...

Corn mildly favored the upside overnight, fueled higher into the break by export sales coming in above expectations at a marketing year high, while wheat and soybeans were slightly lower.

Weekly corn, soybean and wheat sales for week ended Nov. 23 each topped pre-report expectations and rose notably from the previous week.

Corn, soybeans and wheat again traded in relatively tight ranges during a quiet overnight session.

Basis remains well below average for corn and soybeans.