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Chicago corn futures gained 30 1/4 cents for the week, with December corn reaching $5.85 on Nov. 2 after lows near $4.97 in September.
January soybeans rose to $12.55 after an October low near $11.95. Harvest is on pace, though wet conditions left standing water in parts of Ohio.
Price gains are not backed by clear fundamentals and may reflect seasonal buying, but tight projected corn carryout supports prices.
farmanddairy.comMarlin ClarkNov 3, 2021Not 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.
