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Chicago corn futures fell 1% on November 2 as lower oil consumption during coronavirus lockdowns raised concerns about ethanol demand. Wheat fell for a sixth session and soybeans slipped, while improved South American weather added pressure.
Weaker ethanol demand and better South American crop prospects point to softer corn prices, though the effect is modest for feed buyers.
financialpost.comReutersNov 2, 2020Not 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.
