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Grain and oilseed futures closed stronger, with corn lifted by strong cash markets from Midwest harvest delays and near-record ethanol production. Soybeans gained on corn's support but were limited by strong Brazil crop prospects.
Lean hog futures rallied on month-end positioning and reduced hog production.
Harvest delays and strong ethanol margins support nearby corn, while Brazil's early crop start caps soybean gains. Lower hog supply supports hog prices.
agrimarketing.comNov 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.
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.
Attributes the Nov. 1 corn rally to strong cash markets from Midwest harvest delays and near-record ethanol grind, which tightened nearby supply and lifted demand.
