Corn and soybean futures edged higher Friday on short-covering after setting new lows, while wheat and livestock finished lower. Traders were positioning ahead of the November WASDE report; expectations for higher soybean yields and fund liquidation had weighed on soybeans during the week.
The expected larger soybean yield could add to projected supplies and pressure soybean prices, while the Friday rebound appears to reflect positioning rather than a change in fundamentals. USDA data and potential Russia-Ukraine-US talks could shift expectations for crop balances and grain flows.
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.