Chicago grains closed October lower, with December corn down 3.5 cents to 447.5 cents a bushel and December wheat down 0.25 cent to 603.5 cents on Friday. Soybeans rose on the day, though the week's moves were lower across wheat, corn and soybeans.
US wheat export estimates were cut in the October 9 USDA report, and the next WASDE is due November 10.
Weak export demand and ample supply are keeping pressure on corn and wheat prices, while Black Sea logistics problems give some support. Traders will look to the November WASDE to see whether the USDA's export cuts have gone far enough.
Not 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.
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.