Loading…
Grain and livestock futures closed higher on Friday, November 13, with Dec corn up 3 cents and Jan soybeans up 12 1/2 cents. For the week, Jan soybeans gained 37 3/4 cents and weekly corn export sales reached a marketing-year high of 113.4 million bushels.
Strong export demand for corn and a rally in soybeans support prices, while dryness in Mato Grosso could delay Brazil's soybean planting and second-crop corn. Buyers should expect firm feed grain prices in the near term.
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.