# Perspective: Mid-Day Commentary for November 1

> Grain and oilseed markets rose broadly at the start of November as fund buying lifted wheat to new contract highs. Corn reached 2.5-month highs on concerns about high input costs limiting 2022 global production. Crude oil firmed, supporting soyoil and canola.

- Date: 2021-11-01 · published 2021-11-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7311-perspective-mid-day-commentary-for-november-1
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Higher crude and input cost concerns support feed grains and vegetable oils, while higher feed costs weigh on feeder cattle demand.

## Read by commodity

- DXY: bullish ▲
- SBO: bullish ▲
- WTI: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- FCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-11-01 | 1 | +4.8% | 4.3 | Says corn hit 2.5-month highs on Nov. 1 as fund buying spread from wheat and input-cost worries raised concern about 2022 production. |
| WHEAT | 2021-11-01 | 5 | +10.3% | 2.9 | Fund buying pushed wheat to new contract highs at the start of November, adding momentum. |

## Sources

- stonex.com: https://www.stonex.com/en/insights/perspective-mid-day-commentary-for-november-1/
- stonex.com: https://www.stonex.com/en-us/insights/perspective-morning-commentary-for-november-3-2021-11-03/

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