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USDA Agricultural Marketing Service state bid reports for November 12 and 13 show firmer Gulf export values for corn and soybeans. Gulf No. 2 yellow corn rose 4.25 cents per bushel and Gulf No. 1 soybeans rose 16 cents, while several Midwest interior bids softened.
Stronger Gulf export bids signal firm export demand and support futures, while weaker interior basis reflects regional supply pressure.
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.