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Barchart analyst Angie Setzer reports that post-harvest corn basis has recovered quickly and the soybean-corn spread has strengthened. She argues that cash market strength suggests grain is not moving fast enough to meet demand.
Firm cash basis and spreads point to tighter physical supply than USDA projections suggest, which supports corn prices. The export surge is partly attributed to trade-related buying.
barchart.comAngie SetzerNov 25, 2024Not 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.
