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A panel on the November 12 Commodity Week broadcast discussed market dynamics following the USDA's November Supply and Demand report. Panelists noted exceptionally strong cash corn basis, driven by reduced regional yields and farmers holding stored grain, and said soybeans face more volatility tied to fund positioning and South American weather.
Firm cash basis and farmer storage reduce near-term selling pressure on corn, while soybean prices remain exposed to speculative positioning and South American weather risk. Feed buyers should expect firm local corn costs and volatile soybean meal input pricing.
will.illinois.eduNov 12, 2026Not 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.
