Weekly Outlook: Moving forward after the October reports in corn and soybeans
Story Date: 10/18/2017

 

Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 10/16/17


The release of USDA's October reports created a rally in soybean prices that pushed November soybean futures prices to levels not seen since the end of July. Corn prices saw a much more muted response. The question is will the soybean rally consolidate as we move forward. Corn prices appear to contain a limited capability to generate upward price movements in the near term. 

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