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A weekly commentary reports the US corn harvest at 52% complete and ahead of average, with 68% of the crop rated good to excellent. The US soybean harvest is about 50% complete and behind schedule, and sorghum harvest reached 48%, with US sorghum described as Australia's main competitor into China.
Fast US corn harvest progress adds to ample supply, while slow soybean progress and damaged unharvested beans are supportive for soy, and US sorghum competition caps Australian sorghum export prices.
grainbrokers.com.auOct 23, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
