# Market Perspectives – December 2, 2021 - U.S. Grains & BioProducts Council

> 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.

- Date: 2021-12-02 · published 2021-12-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/43619-market-perspectives-december-2-2021-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong basis and ethanol demand support corn values, while energy-driven volatility adds short-term downside risk for feed grain buyers.

## Read by commodity

- SBM: bearish ▼
- CORN: neutral
- DDGS: neutral
- OCEANFRT: neutral

## Sources

- grains.org: https://grains.org/ddgs_report/ddgs-weekly-market-report-december-2-2021/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-2-2021/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-2-2021/9/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.