
Agricultural futures were broadly higher on November 13 as speculators who had sold heavily the previous day reversed course, with December corn up about 4.5 cents at $4.47. Traders cited a 19-month high in the US dollar and reports of new trilateral peace talks between the US, Ukraine and Russia, while Conab's Brazilian production estimates were unchanged.
The move looks technical rather than driven by new supply news, so the rebound may fade if the dollar keeps strengthening. Buyers should note that geopolitical peace-talk headlines could affect Black Sea grain expectations.
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.