The expected pull-back begins — This week in the grain markets

by

Opinion

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,…

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