Grain > Commentary > 11-21-2023

11/21/2023

Nov 21, 2023

January soybeans have now traded a sixty-cent range over the past two days which includes their lowest quote since November 3 and also trading within a dime of the 3-month highs set just last week.  Today's session created quite the ride for bean trade.  The overnight session was steady-higher in quiet fashion but we quickly traded up to 22 cents higher shortly after the 8:30 re-opening.  Soybeans then faded quickly, briefly traded 2-3 cents lower, and then returned to higher trade to finish 8-10 cents higher on Tuesday.  Once again, corn just chugged along with the strength from the wheat and soy markets having limited affect.  Corn traded 5-6 cents higher alongside the early push in soybeans and managed modest gains of 1/2-3 cents higher.  There were no sale announcements from the USDA this morning.  

Market schedule for the remainder of the week:  Market opens tonight at 7:00pm, Wed: 8:30am - 1:15pm, no markets Wednesday night or Thursday.  A short session will trade on Friday from 8:30 am - Noon.  Not a bad time to have those crazy sell orders working!

 Glacial Plains will be closed Thursday and Friday for Thanksgiving.

 

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