# Market Perspectives – November 30, 2023 - U.S. Grains & BioProducts Council

> CBOT March corn fell 2.1% over the week on holiday-thin trade and improved South American weather that removed some weather premium. Corn later firmed on strong US export sales, and sorghum export commitments were also sharply higher this year.

- Date: 2023-11-30 · published 2023-11-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33245-market-perspectives-november-30-2023-u-s-grains-and-bioproducts-council
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Strong export bookings from Mexico and Japan support US demand, but the removal of Brazil weather premium weighs on near-term corn prices.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- DDGS: bearish ▼
- BARGE: bearish ▼
- SORGHUM: bullish ▲

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-november-30-2023/
- grains.org: https://grains.org/market_perspectives/market-perspectives-november-30-2023/6/

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