Weekly Outlook: Large U.S. Corn and Soybean Crops Place Emphasis on Foreign Markets

Corn and soybean harvest future prices moved higher after the release of the USDA October World Agricultural Supply and Demand Estimates report on October 12. December corn futures closed the week ending October 14 at a three-month high of $3.54 per bushel, and November soybean futures moved up to close at $9.62 per bushel. Price movements through harvest in the U.S. can still be impacted by the domestic crop prospects for both corn and soybeans.