This is Thanksgiving week in the U.S., and the markets will be closed that day. However, this holiday has other implications such as the following:
It is one of the busiest holiday travel periods of the year. It can be severely complicated by adverse weather because of winter conditions across the northern half of the country. It is always on a Thursday, which means Friday is a lame-duck day. Although markets will be open then, they will close an hour early with not many likely to be closely watching them.
Weather usually isn’t a factor for the markets during this time of year because growing season is done in the Northern Hemisphere and just getting started in South America. However, there seem to be more weather-related fact...
What You Need to Know Today: Funds remain in control of the market, which means broadly bearish trade for the ag sector. Monday’s massive corn export sale to Mexico helped trigger some short covering and a bit of other end-user buying in corn, which could help stabilize the market. Wheat...
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Key Takeaways: U.S. hog and pork prices have declined sharply, with December lean hog futures ending October at $58.875/cwt and the pork cutout reaching its lowest level since January 2021. Seasonal increases in hog slaughter and pork production have contributed to price weakness, although the...