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In mid-October, November 2023 soybean futures traded 2.15 times December 2023 corn, a 10-year low for the date. The ratio has since held above 2.3 despite a three-week low on Wednesday.
A high soybean-to-corn price ratio signals that farmers are likely to plant more soybeans and fewer corn acres in 2023, tightening corn supply and easing soybean supply relative to corn.
reuters.comKaren BraunDec 22, 2022Not 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.
