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December corn futures were down 3 cents in the week ending around November 3, trading between $6.71 and $7.06 per bushel. Corn harvest reached 76 percent complete, and weekly export inspections were down 23 percent year to date, while ethanol output exceeded 1 million barrels per day for a third week.
Strong ethanol and feed demand are holding corn near support despite slow exports, and the market awaits the November 9 WASDE for a potential volatility trigger.
grains.orgNov 3, 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.
