Return after the holiday, please 😴

🦃 How’d your Thanksgiving go? Had yourself some nice turkey, or did you go with an alternate meat choice? Whatever the case, we hope it was a delicious and plentiful meal – and that you still remember that grain trading will only revert back to normal(ish) conditions after the holiday. Here’s some data for you, regardless:

     • Corn prices rose and volumes were thin due to a smaller Ukrainian harvest, so the financial markets closed on a high note.

     • Soybean prices rose due to the strength in the global market of edible oils, but the US market also received a boost from export sales to China.

🇧🇷 As far as soybean goes, it’s also important to note that prices continue to hold a floor because of the uncertain fate of the Brazilian crop – the green-and-yellow country is the world’s largest soybean exporter.

     • Wheat prices rose due to worries about Ukraine’s grain harvest. 

🔍 For a thorough report, click here.