# Daily Market Wire 30 November 2021 - Grain Central

> Northern Hemisphere grain markets fell 1-2% on November 30, 2021, with Chicago March wheat down 18 cents to 822.25 cents per bushel and March corn down 9.5 cents. March soybeans fell 11 cents and soybean meal dropped $9.40 per short ton. Matif wheat and rapeseed also declined, and Black Sea wheat fell $8 per metric ton.

- Date: 2021-11-29 · published 2021-11-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11602-daily-market-wire-30-november-2021-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Broad selling across wheat, corn, soy and canola reflects risk-off pressure from Omicron fears, with importers buying into weakness. Lower meal and oil values reduce feed ingredient costs.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2021-11-29 | 1 | -2.8% | -3.0 | Reports soybean meal falling $9.40/short ton on the next session amid a broad grain selloff; it is dated a day after the move, so it likely reflects the same selling pressure but is not a clean explanation of the 29 Nov drop. |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-30-november-2021/

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