Grain terminal workers at the Port of Vancouver started returning to work on Sept. 28 following a tentative agreement to end a four-day strike that disrupted crop exports during the critical harvest season.

Weekly overview of ag commodity market news and price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.

Russia hiked the export duty for corn almost tenfold, marking the first sign of export curbs amid lower corn crop forecasts.

Naomi Blohm, Total Farm Marketing, says corn and soybeans have rallied into chart resistance and will need three main fundamental factors to combine to keep prices moving higher.

November soybeans rallied 24 3/4 cents to $10.65 3/4 and surged 53 3/4 cents on the week. We share our outlook for the next 5, 30 and 90 day segments.

Biden administration officials are meeting with the United States Maritime Alliance (USMX) to urge good faith negotiations in the ongoing labor dispute with the International Longshoremen’s Association (ILA).