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Ohio market commentary covers the end of the 2020 harvest, with vomitoxin affecting some corn. The November 10 WASDE cut US corn and soybean production more than expected, lifting December corn to $4.23, January soybeans to $11.46 and December wheat to $6.085.
Cash corn near $4 and soybeans above $11 drew large volumes to market in mid-November.
The WASDE production cuts underpin corn, soybean and wheat prices, while strong farmer selling and improved corn basis reflect ample near-term movement.
ocj.comBrianna SmithDec 2, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
