Morning Comments October 25, 2018
Thursday, October 25, 2018, 1:10 PM
Submitted by: Landus Cooperative
Corn down 2-3
Soybeans down 2-3
Export sales continue to come to the forefront of traders thoughts. China announced that they are going to import rapeseed from India. China continues to proclaim that they are going to reduce protein consumption.
Brazil continues to plant soybeans at a record pace. With this in mind, it has traders fearing that Brazilian beans will be in competition with U.S. beans earlier than normal. Currently wheat is trading at a 5 week low and soybeans are trading at a 2 week low.
Harvest pressure and fresh news is also putting pressure on commodities.
Have a safe harvest!