Corn
Joe Kooima of Kooima Kooima Varilek says the funds were liquidating long positions on the open Friday after President Donald Trump said the administration was working on a plan to lower beef prices. Some of it was triggered by algorithm trades that key their formulas off headlines.
Kevin Duling of KD Investors says soybeans saw some short covering and technical buying but got a fundamental push from rising Brazilian basis levels.
Sam Swanson with The Money Farm says soybeans are seeing short covering as U.S. Treasury Secretary Bessent said the possibility of extending a pause of import duties on Chinese goods for longer than three months exists if China halts its plan for strict new export controls on rare-earth elements.
The coming months of November and December will be marked by an uptick in the number of used farm equipment auctions across the country. It seems counter-intuitive, but it could be the last chance to get a good deal on a gently used tractor or combine.
Chip Nellinger, Blue Reef Agri-Marketing, says corn futures closed higher on technical buying and short covering after holding chart support and the spreads even tightened.
Brady Huck with Advance Trading says corn and soybeans have been holding support and holding up well amid harvest pressure and the China trade woes.
The new technology is being evaluated in Farm Journal Test Plots this fall and catching a lot of farmer interest in the process. Check out our brief video showing the system at work in a central Illinois cornfield.
Vince Boddicker with Farmers Trading Company says corn saw some short covering and spillover buying from the rally in the wheat market. However, soybeans ended off lows with the rally in feed grains but still saw pressure on lingering China trade woes.
Planting more cover crops this fall is one way corn and soybean growers are addressing their 2026 nutrient needs and looking to trim expenses in the process.
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.