Return after the holiday, please ๐Ÿ˜ด

swine o'clock Nov 29, 2022

๐Ÿฆƒ 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.

๐Ÿ‡ง๐Ÿ‡ท 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. 

๐Ÿ” For a thorough report, click here.