TOP STORIES: 


 
Soybean Futures Climb But Fail to Break $12/Bushel Barrier

Soybeans for January delivery rose 0.3% to $11.81 a bushel on the Chicago Board of Trade on Friday, paring gains after a move higher couldn't breach the $12 threshold. Corn for December delivery rose 0.2% to $4.28 1/4 a bushel. Wheat for December delivery rose 0.1% to $5.99 1/2 a bushel. Soybeans started the day higher but couldn't overcome the $12-a-bushel resistance level. The last time soybeans traded above $12 was 2016 and this was the second time this week that the January contract made a run at it, according to AgResource. That, plus no reported sales of U.S. corn or soybeans to China in nine days, caused a bout of profit-taking, AgResource said.

STORIES OF INTEREST: 


 
USDA Confirms More Corn Exports -- Market Talk

10:21 ET - More flash sales of corn exports have been announced by the USDA, with 158,270 metric tons of corn being sold to Mexico and another 131,000 tons being sold to unknown destinations. With the designator "unknown destinations" often being attributed to sales to China, traders may take this as a sign that rumored Chinese buying of US corn is happening. "Some traders are noting the increase in CBOT futures are related to money flow," Terry Reilly of Futures International says. (kirk.maltais@wsj.com; @kirkmaltais)

THE MARKETS: 


 
Hogs Finish 3.7% Higher -- Market Talk

15:56 ET - After dropping 4.3% Thursday, lean hog futures on the CME turn around Friday, finishing 3.7% higher at 65.35 cents per pound. The uptick in hog futures puts trading for the week marginally higher from where they started the week, and only slightly down from where they started the month from. Meanwhile, live cattle futures on the CME finish up 0.1% at $1.1065 per pound, with cattle futures down 1.2% for the week and marginally up from where they started the month. (kirk.maltais@wsj.com; @kirkmaltais)

(END) Dow Jones Newswires

11-20-20 1727ET