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Standard Grain's Joe Vaclavik says the delayed harvest will eventually affect markets, but weak demand will offset production losses. U.S. corn exports are running at half last year's pace, ethanol faces pressure, and cash basis remains unusually strong.
Export shortfalls and weak ethanol demand point to bearish pressure on corn, while strong cash basis signals tight local supplies for feed users.
rrfn.comCarah HartNov 6, 2019Not 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.
