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CBOT corn and wheat closed more than 10 cents higher on Monday, with Dec. corn at $5.79 and Dec. wheat up 22 cents at $7.94. Private exporters reported 132,000 metric tons of soybean sales to China for 2021/22 delivery.
Analysts cited harvest delays from wet weather and record ethanol demand.
Harvest delays and firm ethanol demand tighten near-term corn supply, supporting prices. The China soybean sales add modest support to soybeans and meal.
agriculture.comMike McGinnisNov 1, 2021Not 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.
Reports the Nov. 1 CBOT close with corn more than 10 cents higher, citing harvest delays from wet weather and record ethanol demand, which drove the move directly.
