
On Wednesday November 11, CBOT December corn fell 1 cent to $4.48, December wheat rose 6.75 cents to $5.995, and January soybeans rose 2.75 cents to $12.3075. Traders digested USDA's Tuesday report showing tighter-than-expected U.S. corn and soybean supplies, while wheat rose on a drone attack on Russia's Ust-Luga port.
Tighter US corn and soybean supplies support prices, but weak export demand caps corn, while the Ust-Luga attack raises risk to Russian Baltic grain flows and supports wheat.
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.