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USDA's crop condition index for U.S. corn was 375 against a normal 361, with 69% of the crop rated good to excellent. Corn export sales for the first month of the marketing year reached 776 million bushels, or 32% of the USDA target, while grain sorghum sales were weak.
Solid corn export commitments support demand and prices, while weak sorghum sales add to downward pressure on sorghum values. El Niño could bring drier conditions to Southern Africa and Australia later.
cornsouth.comVicky BoydNov 1, 2018Not 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.
