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Grains closed mostly higher for the week of October 9-13, led by a rally after the October WASDE. December corn gained 1.25 cents, November soybeans rose 14.25 cents, and December soybean meal climbed $17.90 per short ton.
Analysts said the lower corn and soybean yields surprised speculators and that the Middle East conflict bears watching for energy and fertilizer costs.
Smaller US corn and soybean yields tighten carryout, supporting feed grain and meal prices. Higher energy and fertilizer risk from the Middle East could add cost pressure later.
agweb.comMichelle RookOct 16, 2023Not 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.
