October 2, 2025
At this hour:
🌽Corn market is down 0-1c,
🌱soybeans are down 0-1c,
🍞wheat is down 0-1c,
🛢️crude oil is down 25-27c,
💲US Dollar is down 12-13 points.
-The weather in the 6-10-day forecast and 8-14-day forecast is still calling for above normal temperatures and above normal chances of rain across a good portion of the Midwest.
-StoneX come out with their updated yield estimates based off their survey. Corn yield is now estimated at 185.9 bushels per acre, which is down 1 bushel per acre from their September estimate and the soybean yield came in at 53.9 bushels per acres which is actually up 0.7 bushels per acre from their September estimate.
-President Trump announced on social media that he and President Xi of China will be meeting in person in 4 weeks. One of the main topics they will discuss is China buying U.S. soybeans. This helped turn the grain prices higher yesterday.
-Corn and soybeans both had outside day higher moves.
🐂🐻Look for a choppy trade session today.
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