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Most grains finished a volatile week lower, with winter wheat the exception as contracts gained slightly. Corn had a counter-seasonal rally in August and September following USDA's first production estimate, and the week's price action included the reaction to the quarterly stocks report.
Burdensome US corn supplies may limit further price gains unless USDA cuts its production estimates, so feed buyers should expect the recent rally to face resistance.
farmprogress.comNational Hog Farmer StaffOct 2, 2020Not 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.
