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Tidbits, Wheat & Corn Comment, Export Sales, Markets & Rain Days Update 11/17/23


Yesterday, the market saw some economic reports from Asia and the USA that were somewhat negative; stuff like US unemployment claims were more than expected. Some analysts predicted China’s crude oil demand will shrink and the rest of the world will reduce its demand for crude oil.  


And then President Biden, immediately after concluding the 4-hour meeting China’s President Xi, tells the world that China’s president is a dictator.  


Crude oil has lost 21% of its value the past 45 days. That is rather amazing considering what is going on in the Mid-East. Crude is at a 4-month low and that hurts corn and beans.


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