In its preliminary estimate, Conab forecast Brazil’s soybean acreage would increase 3.6% to 49.08 million hectares (121.2 million acres).

Mike Zuzolo with Global Commodity Analytics says soybean futures closed slightly higher on Monday as trade tensions with China seemed to ease over the weekend. However, he says the soybean market doesn’t totally trust that a deal is going to take place.

Falling crop prices, skyrocketing expenses, and trade disputes are creating conditions that are too much for farm families to bear.

Brad Kooima of Kooima Kooima Varilek says November feeder cattle futures were up over $20 last week and have led the rally on strong cash, tight supplies and the continued cases of New World Screwworm (NWS) in Mexico keeping the border shut.

Chinese crushers have been bolstering supplies of the oilseed with shipments mainly from Brazil.

Jerry Gulke, president of the Gulke Group, says the trade news was a game changer for the market. After calling an early low in corn and soybeans, he says Friday’s news and trade action has changed his opinion and he has turned bearish.

Jim McCormick with AgMarket.Net says the soybean market reacted negatively as it was pinning its hopes on a trade deal that included purchases at the end of October when the two leaders met at the APEC summit.

Basis levels improved this week, with some analysts saying it could have been from China buying, even if the government shutdown means no daily export sales data can offer proof. But one analyst says there is a bullish case for corn, especially considering global stocks of corn relative to use, are the tightest since the 2012 drought.

Scott Varilek, Kooima Kooima Varilek says the feeder futures have put on $22 this week and were due for a correction but still project to $388. Grains see pressure from China trade news.

Dave Chatterton with Strategic Farm Marketing says corn, soybeans and wheat were all lower on Thursday after running into solid chart resistance. However, basis is firming. So, what does that signal?