# After the Bell | November 12, 2021 - Pro Farmer

> December corn futures rose 7.75 cents to $5.77 1/4 and January soybeans climbed 22.75 cents to $12.44 1/4, with SRW wheat futures extending a rally to nine-year highs on a tighter global supply outlook. December soymeal surged to $362.10, its highest close since mid-August. Corn export sales for the week ended Nov. 4 fell 13% from the prior week.

- Date: 2021-11-12 · published 2021-11-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7676-after-the-bell-november-12-2021-pro-farmer
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Wheat's rally to multi-year highs raises feed-grain replacement costs and supports corn and soy complex prices. Softer weekly corn export sales cap upside unless shipments pick up, while firm soymeal supports feed protein costs.

## Read by commodity

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

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-november-12-2021

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