Soybeans start day up 2¢, corn down/ Tuesday, November 29, 2022

Corn is down a penny this morning while soybeans are up 2¢.

CBOT wheat is up a penny. KC wheat is down 5¢. Minneapolis wheat is down a penny.

Live cattle are down 10¢. Lean hogs are down 8¢. Feeder cattle are down 3¢.

Threat of a railroad strike looms as the deadline for an agreement is Dec. 9. Naomi Blohm with Total Farm Marketing says a strike could impact 20% of U.S. GDP.

Yesterday, President Joe Biden called on Congress to adopt legislation that would avoid a strike.

Amidst protests across China, the International Monetary Fund is calling on China to shift from the zero-COVID policy, AP reports. IMF Managing Director Kristalina Georgieva says, “Exactly because of the impact it has on both people and on the economy.”

Crude oil is up $1.95 this morning.

Milling wheat is down on the MATIF trade. On the Dalian trade, corn is up while soybeans are down.

Tags: wheat, live cattle, feeder cattle, lean hogs, corn, soybeans