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SovEcon estimates Russia exported 4.3 MMT of wheat in October.
Soybeans end lower as China refutes COVID policy change, corn followed. Wheat mostly higher on technical buying. Livestock rally big on a technical correction. Michelle Rook w/ Arlan Suderman of StoneX Financial.
Soybeans correct on China COVID policy, corn follows. Wheat sees technical bounce w/lower dollar. Livestock up on technical buying, higher product. Michelle Rook w/ Shawn Hackett of Hackett Financial Advisors.
This article discusses variables impacting if soybean prices will go higher or lower in the short and long term.
The cotton market hit a two-year low on Monday, Oct. 31, but the market ended 1,494 points higher for the week, up 21%.
Markets are mixed to start with plenty of news to digest, including the WASDE, elections, CPI and China’s news they aren’t easing their COVID policy. Michelle Rook w/Tomm Pfitzenmaier of Summit Commodity Brokerage.