# Corn and beans higher because of the election?

> Corn and soybeans closed sharply higher as traders linked the rally to the U.S. election, with Hillary Clinton seen as leading. Corn gained 7-8 cents and beans about 12 cents, and the article notes that drought in Brazil and Argentina limits their export supplies.

- Date: 2016-11-08 · published 2016-11-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8311-corn-and-beans-higher-because-of-the-election
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Election-driven buying is likely to fade, but reduced South American export supplies provide underlying support for U.S. corn and soybean prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2016-11-07 | 1 | +4.0% | 3.9 | Reports tie the sharp corn and soybean rally to election-related sentiment, but it is dated 11-08, after the 11-07 move window, so it may only partly reflect the same buying momentum. |

## Sources

- kdhlradio.com: https://kdhlradio.com/corn-and-beans-sharply-higher-because-of-the-election/

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