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.
Read also
Bangladesh signs landmark deal to buy $1.25 bln worth of US soybeans
92 mln tons of grain were exported via the Ukrainian corridor
Oilseed harvest in Russia nears completion
Global market is experiencing an acute shortage of beef
India loses leadership among importers of Ukrainian sunflower oil
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