Commodity futures fell during the week as election-related equity market losses prompted funds to reduce commodity exposure; December corn lost 7 cents and March and May corn futures lost 6 cents. The article previews the USDA’s November WASDE, citing trade estimates for lower US corn yield and production than in October, but higher soybean yield and production, alongside modest increases in projected US and world carryout for several grains and oilseeds.
The expected corn production decline could offer some support, while larger projected world carryout across corn, soybeans, and wheat would be bearish if confirmed. Near-term risk-off fund liquidation also weighed on futures ahead of the USDA report.
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.