
December SRW wheat closed at $5.26/bu, up 2.7% on October 27, and December corn edged up to $4.29/bu. Rain delayed the US corn harvest, which was 72% complete as of October 27 versus 81% a year earlier, and US wheat export inspections for the week ending October 23 came in below expectations.
Harvest delays from heavy rain tighten near-term corn availability and give modest support to prices. Weak wheat export inspections keep the bearish wheat backdrop intact.
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.