# Corn prices surge over two percent as eyes fixed on U.S. agriculture report

> 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.

- Date: 2016-11-08 · published 2016-11-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8304-corn-prices-surge-over-two-percent-as-eyes-fixed-on-u-s-agriculture-report
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Pre-report buying lifts near-term corn prices, but the outcome of the USDA report will determine whether the gain holds for feed buyers.

## Read by commodity

- CORN: bullish ▲

## Sources

- economies.com: https://www.economies.com/commodities/corn-news/corn-prices-surge-over-two-percent-as-eyes-fixed-on-u.s.-agriculture-report-18295

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.