# Morning Market Review for Oct. 12, 2020 - PNW Farmers Cooperative

> Corn futures edged higher on potential harvest delays from rain in the forecast. Soybeans and soybean oil and meal slipped, and wheat was mixed. Markets were also reacting to the prior Friday's USDA WASDE showing smaller harvested US corn acreage.

- Date: 2020-10-12 · published 2020-10-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11785-morning-market-review-for-oct-12-2020-pnw-farmers-cooperative
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Harvest delays from rain can slow farmer selling and support nearby corn prices. Soybean and meal weakness reflects ongoing harvest and macro uncertainty.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲

## Sources

- pnw.coop: https://pnw.coop/story-morning-market-review-oct-12-2020-22-207398

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.