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Grains and oilseeds were mixed after the US Thanksgiving holiday, with soybeans up 11.75 cents to 1046 cents and CBOT wheat down 5.75 cents. SRW exports are falling, and China is still buying US and South American soybeans.
Korea bought 55,000 tonnes of corn, and Indonesia may raise feed wheat imports to 3 million tonnes.
Steady Chinese soybean buying and EPA biofuel demand support soybean prices. Weak SRW export demand and large wheat stocks keep the wheat complex under pressure.
graincentral.comGuest AuthorNov 27, 2016graincentral.comGuest AuthorNov 28, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
The 28 Nov market wire reports CBOT wheat down 5.75 cents and falling SRW exports, which is a direct description of the day's weakness and the demand side.
