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Farm Futures reports that December corn and November soybean futures each fell more than 1% after the September WASDE, with wheat contracts down almost 2% on large global supplies. USDA raised corn production 23 million bushels and ending stocks 19 million, with the season-average farm price steady at $4.90.
Corn and soybean prices fell because the report's numbers were largely expected, and wheat remains pressured by ample global supply, lowering feed grain costs.
farmprogress.comBen PotterSep 12, 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.
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.
