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.

Vince Boddicker with Farmers Trading Company says soybeans continue to see Brazil weather concerns and technical buying. When soybeans put in an early harvest low they tend to rally around 80 cents and have cleared that mark already. However, if Brazil stays dry the market could continue to price that in.

This labor dispute between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) could have far-reaching consequences if an agreement is not reached before the contract expires on Sept. 30.

Scott Varilek, Kooima Kooima Varilek, says cattle futures reversed with $2 higher cash in Southern feedlot areas. Grain markets ended lower as fund short covering was overrun by an increase in farmer selling.

Jerry Gulke wonders if the unintended consequences from failed biofuels policies are really unintended at all.

Winter wheat planting rates in Russia have fallen to an 11-year low, clouding the outlook for the 2025 harvest, Black Sea consultancy SovEcon said.

USDA revised its forecast for food prices in 2024, expecting a smaller increase than previously predicted.

Matt Bennett, AgMarket.Net, says the market has been resilient as the funds are exiting shorts and taking profits end of quarter.

Grains started out mostly lower Wednesday but Darin Newsom with Barchart says they continue to see buying on the dips as funds are covering shorts and taking profits.

Brazil is making significant strides in the development and production of sustainable aviation fuel (SAF), positioning itself as a potential leader in this emerging market.