November WASDE Has Bearish Risk for Grains — Market Talk
Bullish strength: 20/100
- Cash markets are firming in cereals.
- Corn yield estimates are below the USDA's October figures.
Bearish strength: 80/100
- November WASDE carries bearish risk for grain markets.
- Soybean yield estimates are higher and could increase further.
- Wheat futures fell 1%.
- Grains remain under pressure despite oversold momentum signals.
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