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Corn futures rose over two percent in U.S. trade, shrugging off a firmer dollar index. Traders were positioning ahead of the U.S. presidential election and the monthly USDA crop report, with expectations of a jump in harvest yield progress.
Pre-report buying lifts near-term corn prices, but the outcome of the USDA report will determine whether the gain holds for feed buyers.
economies.comRami HaddadNov 8, 2016Not 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.
