Ironic Swaying — This Week in the Markets

by

Opinion

While grains ended the month of November with little fanfare, the first trading week of December proved to have some push to the upside despite a number of reports that didn’t really change any fundamentals. Soyoil led the complex with a 10.5% gain for the week, which helped support canola prices (+2.25% for the week) despite a bearish StatsCan report. Corn found some support in an updated Renewable Fuels Standard, with the E.P.A. raising the target for ethanol to 14.5 billion gallons for 2016 from 14 billion in 2015. However, this isn’t huge from a demand standpoint, so the corn…

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