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Corn futures are sliding partly because crude oil is softening, with crude closing down $1.85 on Tuesday as OPEC talks on possible 2017 output limits appear to be faltering. Analyst Al Kluis says the oil-corn price link is one of several bearish factors alongside large US production.
Lower crude weakens the ethanol and energy-linked support for corn, adding to downward pressure on feed grain prices for buyers.
brownfieldagnews.comMark DorenkampNov 29, 2016Not 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.
