USDA's bullish boom — This week in the grain markets

by

Opinion

Grain markets moved into the second half of November largely in the green, thanks to USDA sharing some bullish data in their November WASDE report. Soybean and canola prices continue to reach new multi-year highs as export demand remains strong, stocks continue to tighten, and weather concerns remain for the South American crop. Wheat prices pulled back as reports that Russia would start limiting their exports in February were denied. In outside markets, everyone and their mother had a few deep sighs of relief earlier this week on the positive news about COVID-19 vaccine developments from Pfizer. That optimism has…

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