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The DTN National Corn Index closed October at $3.03 1/4, down 6.5 cents for the month, and December futures closed at $3.45 3/4 after posting a new four-month low. The analysis describes a sideways-to-down long-term trend in corn and a consolidating soybean cash index near $8.95.
A sustained bearish trend and monthly lows indicate continued soft corn and soybean prices for feed buyers in the near term.
dtnpf.comDarin NewsomNov 1, 2017Not 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.
