U.S. Corn Futures Rise: U.S. corn futures increased following the USDA's release of export sales data, which showed significant sales for corn, soybeans, and wheat during the last two weeks of September.
China's Soybean Purchases Uncertain: Market participants are concerned that China may have over-purchased soybeans from South America, with no confirmed commitments to buy U.S. soybeans, despite previous pledges from the Trump administration.
USDA Sales Reports Anticipated: The USDA plans to publish daily sales data for grains to private exporters, which traders hope will include purchases from China, coinciding with the monthly WASDE report expected to revise corn and soybean yield forecasts.
Market Reactions: December corn futures closed up 1.6% at $4.42 1/4 per bushel, January soybeans rose 1.1% to $11.46 per bushel, while December wheat saw a slight decline of 0.1% to $5.35 1/4 per bushel.
Wall Street analysts forecast COM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast COM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 30.951
Low
Averages
High
Current: 30.951
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
