USDA October Report Bearish Grains, Bullish Soybeans; Focus Shifts to US/China Trade Talks and Friday White House Meeting

** The USDA October Crop Report was bearish with US corn yield being higher than expected while soybeans were slightly. CBOT corn and wheat have declined while soybeans have rallied following the report release. US President Trump tweeted this AM that Chinese Vice Premier He will heading to the White House for a meeting on…

CBOT Retreats from AM Highs on Less Snow for Dakotas; Slow US Ethanol Production; Midday Forecast Wetter for Argentina

** CBOT trade is mixed at midday with corn futures lower while soybeans are higher with wheat caught in between. The volume of trade has been moderate to active as traders adjust positions ahead of the USDA October Crop Report and US/China trade negotiations that will start on Thursday. And traders await details of China’s…

Soy Rallies, Grains Fall; EPA Announces Biofuel Plan but Details Lacking

AgResource Farm Marketing Advice for Friday: 1/ Corn Producers: Hedge 20% of the 2021 corn crop at $4.24 basis Dec 2021 corn futures. This would price 60% of the 2021 corn crop.                        2/ Soybean Producers: Hedge 20% of 2021 soybean production at $9.63 basis November 2021 futures. It’s been a mixed session in Chicago,…