# Daily Market Wire 21 November 2023 - Grain Central

> Canola rose about 3% while soybeans and Brent crude gained and wheat eased, with Chicago December wheat down 7.25c to 543.5c/bu. Argentina elected Javier Milei, who promises deep reform, and World Weather reported mixed rainfall in Brazil with little change expected for key crop areas.

- Date: 2023-11-20 · published 2023-11-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12472-daily-market-wire-21-november-2023-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Brazil rainfall expectations weigh on soybean and meal support, while wheat weakness reflects ample global supply and a firmer Australian dollar.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲
- WHEAT: bearish ▼
- CANMEAL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CANMEAL | 2023-11-20 | 1 | +5.3% | 2.9 | Same-day report of canola rising about 3% alongside soybeans and crude oil points to oilseed complex strength that likely pulled canola meal higher, though it describes canola rather than meal directly. |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-21-november-2023/

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