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Martinson Ag Risk Management says most grain markets remain under pressure after a difficult October. Rice is trading near its contract highs because of production issues, and crude oil, recently around $100-$103 a barrel, has begun to retreat.
Rice strength driven by production problems supports US-quoted rice prices, while broad grain weakness and softer crude limit gains in other feed markets.
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.