Loading…
Iowa Farm Bureau advises holding existing 2015-crop basis contracts and waiting to price 2016 corn above $3.50 on December futures. It notes that cash prices are holding and storage is tightening, which could increase producer sales.
Tightening storage and steady cash bids support nearby corn prices, but the upcoming election and USDA report add short-term uncertainty.
iowafarmbureau.comNov 7, 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.
