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Investors eye next week’s USDA Supply/Demand report.
This year has been one of the smallest trading ranges on a percentage basis going back all the way to 1980.
More farmers surveyed see the next 12 months as bad times financially.
Corn and soybean futures were higher at the close of trading on Friday.
The market is looking for some bullish news in a holiday-shortened week.
Farmers have plenty to say in the community talk sections. Money, policy, and production are some of the hot topics.
With Thanksgiving approaching, some farmers will be harvesting crops after the holiday.
Investors await today’s CFTC report to see if speculators push net-long positions in corn to a record.
China, Canada, Mexico, and Japan, in that order, were the United States’ largest customers.