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CBOT March corn futures fell 9.75 cents in the week to December 2, with volatility driven by Omicron concerns that hit energy hardest. The US harvest reached 95% complete, ahead of the five-year average, and cash basis strengthened on ethanol margins and end-user bidding.
Strong basis and ethanol demand support corn values, while energy-driven volatility adds short-term downside risk for feed grain buyers.
grains.orgDec 2, 2021grains.orgDec 2, 2021grains.orgDec 2, 2021Not 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.
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.
