
Chicago corn, soybean and wheat prices fell after the US harvest accelerated, with the USDA reporting 60% of corn harvested versus 44% the prior week. December corn dropped to around $176.67/t, its lowest since early July, and soybeans also came under heavy selling pressure.
Growing South American production forecasts add further uncertainty.
Faster US harvest and expectations of larger South American crops increase near-term export competition and weigh on grain prices, squeezing Latin American exporter margins.
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.