On Wednesday, we saw the release of the USDA November WASDE Report and a few changes including an increase in U.S. corn and soybean yields. However, there were no changes to exports that many expected. Throw on top of the WASDE the results from the midterm elections and there is no shortages of items impacting the trade.
Soybeans finished higher, corn slightly lower and wheat under pressure while livestock trade was mixed to lower in cattle.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
Also, more analysis of the report with Mike Zuzolo of Global Commodity Analytics on today’s Market Talk below:
