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US corn futures edged lower after retreating from a two-month high, though harvest delays limited losses. Oil fell after China released gasoline and diesel reserves, and the dollar firmed on inflation-driven expectations of earlier Fed rate hikes.
Harvest delays tighten nearby US corn supply, while a firmer dollar and weaker oil add mixed pressure on grain and feed-ingredient prices.
financialpost.comReutersNov 1, 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.
Oil fell after China released gasoline and diesel reserves and the dollar firmed on earlier Fed hike expectations, which are supply and currency pressures that plausibly carried into the Nov 3 decline.
