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Corn prices were under pressure during the harvest, with the Illinois economist Todd Hubbs noting weaker ethanol production and negative net export sales in the prior week. Corn exports remained strong, with outstanding sales up 27% year over year.
Ethanol plant margins were narrowing.
Harvest-time selling and softer ethanol demand weigh on corn prices, though strong outstanding export sales limit the downside.
qa.morningagclips.comAubreyOct 23, 2018Not 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.
