A weekly farm broadcast recap describes a post-harvest sell-off in grains and oilseeds after USDA's October report unexpectedly raised corn yields. Funds liquidated long positions in corn, soybeans and soybean meal, while a strong dollar, crude volatility and 45Z biofuel policy expectations also weighed.
Soybean crush and China sales provided some support.
Fund liquidation and the higher USDA yield push corn and soybean meal lower, though strong crush demand and China purchases limit downside for soybeans.
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.