
Grain futures finished mixed on November 11, with wheat posting strong gains in Chicago and Kansas City while soybeans extended the previous day's rally and corn slipped modestly. USDA's latest report showed slightly higher wheat ending stocks and a lower season-average wheat price.
Soybean strength following USDA's November report reflects tighter balance sheets from higher export projections and lower ending stocks, supporting feed costs for soybean meal users. Wheat gains despite higher stocks suggest firm demand, though corn's softness shows the rally is not uniform across grains.
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.