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Grain and oilseed markets rose broadly at the start of November as fund buying lifted wheat to new contract highs. Corn reached 2.5-month highs on concerns about high input costs limiting 2022 global production.
Crude oil firmed, supporting soyoil and canola.
Higher crude and input cost concerns support feed grains and vegetable oils, while higher feed costs weigh on feeder cattle demand.
stonex.comArlan SudermanNov 1, 2021stonex.comArlan SudermanNov 3, 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.
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.
Says corn hit 2.5-month highs on Nov. 1 as fund buying spread from wheat and input-cost worries raised concern about 2022 production.
Fund buying pushed wheat to new contract highs at the start of November, adding momentum.
