Corn had a quiet week for prices this week and ended up unchanged on the week. Soybeans were up a little, perhaps USD 2 to 4 m/t. Hard Red Winter wheat (HRW) dropped by about USD 7 m/t while other types of US wheat were pretty much unchanged........please click PDF to see more details

This week we had the Thanksgiving holiday in the USA on Thursday, but many companies also took Friday off which resulted in quite a slow week for the grain business.......please click PDF to see more details

Other than the drop in wheat prices this week it looked much like a quiet week.
The weakness in wheat prices is related to forecasted high supplies of wheat in most exporting countries --- all forecasters are suggesting very high world wheat stock ....please click PDF to see more details.

As usual, soybeans and soymeal moved higher again this week while both corn and wheat finished the week with mainly unchanged prices. Friday was a strong day for futures prices......please click PDF to see more details 

Except for ever rallying soymeal, all prices drifted a little lower this week. Soymeal was up again by about USD 15 to 20 m/t for end of 2023 shipment but not up as much going into 2024.  Corn export prices moved lower by about USD 6 m/t with soybeans also a little lower by USD 2 m/t for 2023 positions. USA winter wheat was down about USD 4 m/t for soft red and USD 8 m/t for hard red with spring wheat down by about USD 5 m/t........please click PDF to see more details

USDA WASDE report week always tends to be quite exciting. Corn numbers were a little bullish but not enough to push US corn prices higher. The corn week ended with prices steady. Trade reports seem to feel that corn prices are more likely to move higher than lower in coming weeks.....please click PDF to see more details