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South Dakota State University risk specialist Matthew Diersen says new-crop corn futures have risen steadily over two months, with little carry in the futures curve. Northern Plains corn yields are weak, though old-crop stocks limit supply concerns.
Higher corn prices and a flat carry raise feed costs for buyers and favor hand-to-mouth buying, while sustained high corn prices reduce feeding weights and cattle demand.
agproud.comMatthew A. DiersenOct 28, 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.
