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The Illinois Extension Commodity Week panel discussed markets after the USDA November supply and demand report. Panelists said corn cash basis is unusually strong because producers are holding stored grain, and that corn futures have limited downside while awaiting a demand catalyst such as Chinese purchases.
They said soybeans face more volatility tied to fund positioning and South American weather.
Firm cash basis reflects tight nearby supply and farmer selling restraint, which supports local feed grain costs for buyers. Futures are expected to stay range-bound until export demand or South American weather shifts the balance.
extension.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.
