Grain and livestock markets were mostly lower as fund liquidation followed weakness in equities; the latest Commitment of Traders data showed managed-money corn selling of 90,000 contracts and nearly 200,000 contracts of liquidation across 10 agricultural markets. Traders were positioning ahead of the November WASDE, while private soybean-yield estimates rose and StoneX projected a record 55 bushels per acre, potentially lifting ending stocks above 400 million bushels.
January soybeans closed below the 200-day moving average.
Fund selling and expectations of larger soybean yields and stocks add pressure to grain prices, especially soybeans and corn. The article describes market positioning and price action rather than a new supply shock.
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.
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.