Grain markets pulled back this past week, something that many market participants, including yours truly, were expecting to see. Corn prices fell as harvest 2020 speeds up and the market is starting to consider the impact to ethanol demand, should a second wave of COVID-19 rage across the world this fall/winter. From a headline standpoint, corn’s weekly losses were their largest since April and soybeans haven’t fallen this much in one week since March! Conversely, the U.S. Dollar earned its best one-week gain since April, which put further pressure on the complex as U.S. grain becomes less for international buyers,…
Register to continue reading
Join the RealAg Community
Create a FREE account to access exclusive content, get access to invite-only webinars and, while supplies last, we’ll send you a RealAg hat!
- Focus your experience on RealAgriculture.com by managing your shortcuts and commodities
- Favourite articles to save for later reading
- Manage your newsletter subscriptions
- Comment on articles (restricted to members only)
- Did we mention the free RealAg hat?!