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Corn and soybean futures were slightly higher at the open, while wheat futures were lower. Traders were positioning ahead of the USDA’s November crop reports and planned Russia-Ukraine-U.S. talks in Abu Dhabi; the article also noted that winter wheat had fallen for ten consecutive weeks.
Expectations of a slightly smaller U.S. corn crop and larger soybean crop offer contrasting price signals, while positioning ahead of the talks may keep wheat sensitive to Black Sea supply expectations. The limited moves described point to modest near-term price effects.
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.
