Futures Close Report: 27th November 2017

Weather concern over rainfall in Argentina continue to add support to corn / meal latest reports indicate below average rainfall for early December which will complicate planting for late drilled areas of corn and soybeans across central grain belt in Argentina.

Final crop update from USDA for the year put US corn at 95% harvested up from 90% last week.  US winter wheat was reported 50% in good / excellent condition vs 58% last year ahead of the winter dormancy period.