# Afternoon Market Recap for November 30, 2021 - HighLine Grain Growers, Inc

> Corn, soybeans and wheat suffered heavy losses on November 30, 2021 in a broad selloff tied to concerns that the Omicron variant could slow the global economy. Wheat fell more than 4% in some contracts, corn about 2.25% and soybeans about 1.75%. Crude oil fell more than 5% below $67 per barrel, and diesel dropped nearly 4%.

- Date: 2021-11-30 · published 2021-11-30T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11598-afternoon-market-recap-for-november-30-2021-highline-grain-growers-inc
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower energy prices and reduced economic growth expectations weaken grain and feed values. Diesel declines also reduce farm and freight input costs.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-03-24 | [Feed grain report (March 2020) \| AHDB](https://feedsoft.ai/events/6105-feed-grain-report-march-2020-ahdb.md) | +6.1% | -4.7% |
| CORN | 2020-03-10 | [Daily Market Wire 10 March 2020 - Grain Central](https://feedsoft.ai/events/11272-daily-market-wire-10-march-2020-grain-central.md) | -3.4% | -3.3% |
| CORN | 2021-06-16 | [Dollar jumps after Fed pulls interest rate hikes into 2023 \| Reuters](https://feedsoft.ai/events/5929-dollar-jumps-after-fed-pulls-interest-rate-hikes-into-2023-reuters.md) | -2.3% | +2.5% |
| CORN | 2018-10-09 | [IMF cuts world economic growth forecasts on tariff war, emerging market strains](https://feedsoft.ai/events/7668-imf-cuts-world-economic-growth-forecasts-on-tariff-war-emerging-market-strains.md) | +4.1% | +3.7% |
| CORN | 2021-09-20 | [After the Bell \| September 20, 2021 - Pro Farmer](https://feedsoft.ai/events/6378-after-the-bell-september-20-2021-pro-farmer.md) | -4.3% | -4.1% |
| SOY | 2020-03-10 | [Daily Market Wire 10 March 2020 - Grain Central](https://feedsoft.ai/events/11272-daily-market-wire-10-march-2020-grain-central.md) | -4.8% | -0.9% |
| SOY | 2021-06-16 | [Dollar jumps after Fed pulls interest rate hikes into 2023 \| Reuters](https://feedsoft.ai/events/5929-dollar-jumps-after-fed-pulls-interest-rate-hikes-into-2023-reuters.md) | -4.9% | +0.1% |
| SOY | 2018-10-09 | [IMF cuts world economic growth forecasts on tariff war, emerging market strains](https://feedsoft.ai/events/7668-imf-cuts-world-economic-growth-forecasts-on-tariff-war-emerging-market-strains.md) | +2.5% | +0.4% |

## Sources

- highlinegrain.com: https://highlinegrain.com/story-afternoon-market-recap-november-30-2021-22-219881

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.