Grain markets have staged an impressive rally from the Tuesday night lows. Can the rally continue beyond tomorrow’s WASDE report? Livestock markets have been choppy, where’s the opportunity there?

Now that the election results are in, the parlor game of who President-elect Donald Trump will tap to serve on his Cabinet has returned, and there’s a host of possibilities.

The good news is a Trump presidency and Republican-controlled Senate might result in fewer regulations and lower taxes. The bad news is the U.S. could be headed for a possible trade war with China and other countries.

Grain futures were weaker in Wednesday morning but found support and rallied through the session. That strength has led to buying in the overnight and early morning trade with prices inching closer to resistance.

Mark Knight with Farmer’s Keeper Financial says grains open mixed digesting strong weekly exports and positioning ahead of the FOMC announcement and WASDE.

Chinese President Xi Jinping would much prefer to avoid a tariff battle that risks proving much more devastating than the first round.