The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

CBOT weekly outlook: Trio of events loom over U.S. soybeans, corn

The trade's initial reaction to the re-election of former United States President Donald Trump was bearish for soybeans and corn on the Chicago Board of Trade on Nov. 6. Meanwhile, the U.S. Federal Reserve's interest rate announcement on Nov. 7 and the U.S. Department of Agriculture's supply and demand report on Nov. 8 are likely to have a bullish effect on those commodities, said Allendale Inc. president Steve Georgy.






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Prairie forecast: Mild weather returns

Forecast issued Nov. 6, covering Nov. 6 to 13, 2024

The weather models are showing an area of low pressure tracking across northern Canada on Wednesday and Thursday. This, combined with a digging trough of low pressure off the West Coast, will open the door for mild air to flood across the Prairies—first from the Pacific then from the western U.S.