Loading…
Corn and soybean futures closed lower near the day's lows after gains from the USDA stocks report reversed. Harvest was 17% complete for corn and 22% for soybeans, and cash basis was pressured by river freight costs at a three-year high.
Cattle and hog futures moved in different directions.
Heavy harvest selling and high river freight depress cash basis and farm-gate prices. A stronger dollar and lower crude also weighed on grain futures.
kyfb.comOct 2, 2017Not 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.
Reports corn futures closing lower near lows on Oct. 2 as stocks-report gains reversed, with harvest progress and freight costs weighing on prices.
