Good morning! Corn, soybean and wheat markets are slightly higher to start the day. The South China Morning Post is reporting a change trade talks scheduled in Washington will be moved to Buenos Aires after the G20 meeting. US corn harvest progress was reported 90% complete vs 84% last week.
Corn: Z/H 10 ¾ carry.
Soybeans: F/H 13 ¾ carry.
President Trump is scheduled to meet with Chinese President Xi in Buenos Aires on November 30th. Time for lots of rhetoric between now and then. Corn and wheat chopped around in narrow ranges, unable to gain traction to follow the beans higher.
Reminder: Holiday week! Thanksgiving holiday market hours: the grain markets trade normal hours on Wednesday, November 21st, then they don’t reopen until Friday, November 23 at 8:30 am CT. On Friday, November 23 the CME closes at 12:05 pm