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Grain futures rallied in the first week of November as forecasts shifted for the Black Sea region and U.S. Southern Plains, lifting wheat, while corn and soybeans lagged amid a lack of Chinese buying. Corn harvest was 82% complete, slightly behind trade expectations, and the U.S. election outcome was seen as having limited market impact.
Weather-driven wheat strength and slower harvest progress offer mixed signals, while the absence of Chinese buying weighs on corn and soybean prices.
agweek.comRandy MartinsonNov 8, 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.
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.
