Market Update for Nov. 27, 2017

Bryce Knorr talks about the corn, soybean and wheat markets. (audio)

Soybeans are trying to break through the $10 barrier, being within a tick on Friday. Part of the problem is there is plenty of old crop soybeans in South America and new crop in the United States. The weather in Argentina is bullish for soybeans while Chinese export demand is bearish, yet little is materializing from Trump's trip to China.

Corn is trending lower overall as farmers hold tight to their corn. There's been a nice basis rebound.

Wheat market hit new contract lows and doesn't really have much going for it right now. Better moisture in Black Sea region and western Europe, making good conditions for crop entering dormancy.

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