# Market moves on election and weather concerns - Agweek | #1 source for agriculture news, farming, markets

> 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.

- Date: 2020-11-08 · published 2020-11-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50210-market-moves-on-election-and-weather-concerns-agweek-1-source-for-agriculture
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weather-driven wheat strength and slower harvest progress offer mixed signals, while the absence of Chinese buying weighs on corn and soybean prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲

## Sources

- agweek.com: https://www.agweek.com/business/market-moves-on-election-and-weather-concerns

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