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CME soybeans closed about 14 cents lower on November 26, 2021, with January soybeans at $12.525 and January soymeal down $1.50 to $349.40 per short ton. Corn and wheat also settled lower or mixed, and crude oil fell $10.24 to $68.15 as risk-off trading followed the COVID variant news.
Broad risk-off selling pressured grain and oilseed futures on thin holiday liquidity, while strong weekly export sales provided some underlying support.
ukragroconsult.comNov 26, 2021Not 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.
Friday Nov 26 risk-off trade, with crude down over $10 and grains settling lower or mixed, shows the initial sell-off spilling into grain futures.
