World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Slower But Unconventional Week Comes to an End

Volume was lower on Friday, as is generally par for the course. Notable metrics for the day include:

December lean hogs hit a new contract high at 91.525/cwt.  December corn moved below the 20-day moving average, a bearish signal.  While corn opened and closed in the red, soybeans flipped the bear’s grip later in the session and eked out a gain. Soyoil tried a similar gambit but failed. Wheat hugged the throne all session

For the week as a whole, all three wheats hit new contract lows, as did Paris. It was the second straight week lower for corn, the soybean complex, plus SRW and HRW. There was higher volume through the week pushing soymeal lower. 

The one-year change in price does not reflect some of the over-archin...

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