# Grain Comments: 11-21-2023 - Cooperative Farmers Elevator

> Overnight trade lifted corn, wheat, soybeans and soybean meal, with meal up $5.90/ton. Argentina's president-elect Javier Milei began a complex transition, and rain is forecast to bring relief to central Brazil before a warmer, drier spell next week.

- Date: 2023-11-21 · published 2023-11-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12476-grain-comments-11-21-2023-cooperative-farmers-elevator
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Brazil dryness and meal demand support soy complex prices, while Argentine policy uncertainty and possible OPEC production cuts add volatility.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- WTI: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- coopfe.com: https://www.coopfe.com/grain-comments-11-21-2023/

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