
Corn and wheat futures weakened on November 10, while soybeans rebounded on expectations that China would increase purchases of U.S. agricultural products. Wheat fell below $6 per bushel amid expectations for ample global supply and possible improvement in Black Sea exports; corn reached a three-month low as the U.S. harvest advanced to 74%.
Ample supplies and the prospect of resumed Black Sea exports weigh on wheat, while the advancing U.S. corn harvest adds pressure to corn prices. Expectations for stronger Chinese buying lend support to soybeans.
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.