# After the Bell | November 28, 2023 - Pro Farmer

> March corn fell 1.75 cents to $4.73 1/2, hitting another contract low, while January soybeans rose 16.75 cents to $13.46 1/2 and soyoil surged. January soybean meal fell $6.10 to $430.50, and wheat futures rallied from contract lows.

- Date: 2023-11-28 · published 2023-11-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7872-after-the-bell-november-28-2023-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A daily wrap with a short-covering rebound in soybeans and wheat and a sharp drop in soybean meal; no single new cause is cited.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2023-12-04 | 5 | +11.2% | 2.9 | On Nov 28 wheat futures rallied from contract lows, which fits a sharp rebound over the following days and so contributes to the 5-day move. |

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-november-28-2023

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