Friendly for corn, bearish for wheat and soybeans. Wheat production surprised, up almost 100 million bushels. Corn initially rallied, but wheat weakness and negative soybean data brought it down.

Wheat remained steady, while soybeans dipped after recent gains due to month-end and quarter-end adjustments. Corn saw buying due to short positions. China might shift soybean imports to South America, and they likely bought corn from Ukraine. Tomorrow, stocks and grain production data will be released.

Corn and beans are up, while wheat prices tumble due to a strong US dollar. Crude oil is rising on falling inventory levels.

The livestock sector experienced a significant drop in prices due to concerns about weakening consumer demand, indicated by various factors like slowing restaurant traffic and housing starts. Cattle prices, which peaked on September 15, saw a sharp decline today as market participants worry more about demand than supply.

Grain futures had a mixed day, with wheat and corn initially down but recovering, while soybeans faced pressure. Mexico's corn purchase boosted corn prices. Russia's smart bombs in Ukraine affected Black Sea shipping. Cattle futures dipped, the U.S. dollar rose, impacting gold and silver. Bitcoin dropped, and crude oil may see profit-taking.

Grain futures rebounded modestly following a week of heavy selling, driven by short-covering amid selling exhaustion. Rising demand for renewable diesel boosted soybean oil markets, while uncertainty in yield data and impending rain in the northern plains and Western Midwest provided support to the grain market.

It was a rough evening when trade got underway and day session today, after yesterday's afternoon announcement from the Federal Reserve, even though they did not raise rates yesterday, they would likely raise rates in November and stated there will be higher longer. This pushed investment ideas into the corner, causing liquidation across all complexes.

Today we had seen corn and soybeans do a rebound after having seen declines over the past week, while corn has proven there is major support near the 470 value.

We talk about why corn held 470 and rebounded today, along with the ship that was used to try to get grain from Ukraine in the Black Sea was a stunt and we explain why.

Soybeans are lower, despite reports of poor yields, as it is being deducted, the farmers are going to sell soybeans anyway and store their corn. That's because crop insurance gives farmers a nothing to lose and hold the corn mentality currently, as insurance 85% gives them protection from $5.05 on the board on the way […]