Brian Grete

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Chinese cancellations are expected and ‘in’ the market.
The report data may have put in a short-term top for the soybean market.
The stockpiling program will be replaced with direct subsidies to farmers.
More rejections are likely as Chinese quarantine authorities have been instructed to increase inspections.
Forecasts call for rain chances on Christmas day, though the rest of the 10-day outlook is hot and dry.
Market fears China will soon reject U.S. DDG shipments, which could lead to ‘lost’ demand.
China has now reportedly rejected two cargoes of U.S. corn containing Syngenta’s Agrisure Viptera corn
Traders are showing even less interest than normal in adding new positions (or even covering current positions) ahead of USDA’s November crop reports.
China has bought up to 300,000 MT of U.S. corn so far this week after buying 420,000 MT last week.
Fresh demand news is needed to extend the corrective price recovery.