Corn futures settle near five-month high on strong exports, soybeans and wheat lower amid Covid concern.
Concerns about a new, heavily mutated variant of Covid-19 produced high anxiety among traders overnight, as global stock markets and oil prices plunged, while bonds surged (yields dropped) amid heavy risk-off trade.
Soybean export sales were within the range of pre-report estimates.
More questions than answers on new Covid variant but fear, uncertainty rule markets today
Inflation and general economy issues dominate before Thanksgiving
Grain, soybean futures end lower in pre-holiday liquidation trade, cattle futures post fresh highs on cash strength.
Livestock Analysis | November 24, 2021
Cattle futures extend rally to 4 1/2-year highs on strong cash market, hog futures end at six-week high.
Crops Analysis | November 24, 2021
Corn futures fall from three-month high amid pre-holiday profit-taking, soybeans, wheat also lower.
Market Snapshot | November 24, 2021
Grain, soybean futures fade from early gains in pre-holiday trade, cattle posts three-month high.