It's been a strong week for the livestock contracts as once again the three markets close fully higher.
FARM MARKET NEWS - CORN REPORT FOR Wed, November 25 Exchange rate was 1.3001 down 0.0004
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, November 25 Exchange rate was 1.3001 down 0.0004
Weather is fickle. Although major producing province Mato Grosso looks to remain unfavorably dry and hot, moderate to heavy rains are slated to fall in much of Argentina and southern Brazil through the weekend. That, along with profit-taking and liquidation ahead of first notice day on December futures, led to a correction in grains and soybeans. Wheat led the way lower on liquidation and higher Russian production forecasts, resulting in a 21-cent lower close in Chicago.
