Floor Talk November 29
Soybeans were slightly lower overnight while corn was little changed and wheat was a touch higher. Rainfall in South America is expected to boost crop prospects in several growing areas of Brazil and Argentina, according to Commodity Weather Group. Beans were down about 3 cents, corn was unchanged and wheat was up about a penny. The USDA released its baseline projections for next year, pegging corn and soybean acreage each at 91 million. Yields for both are expected to decline, however. In weather news, it's dry dry dry in several parts of the US including South Dakota where the eastern third of the state is in red flag warning due to strong winds and low humidity. Check out all the details in today's 3 Big Things at https://www.agriculture.com/news/three-big-things/3-big-things-today-november-29.
Brent Crude Oil = down 0.2%
West Texas Intermediate = down 0.2%
Dollar = down 0.1%.
Wall Street = U.S. stock futures higher in pre-market trading.
World Markets = Global stocks mixed overnight.