Brian Grete

Soybean sales totaled nearly 1.9 MMT, while corn sales topped 1.2 MMT.
As was widely expected, the Federal Reserve will begin dialing back its asset purchases by $15 billion per month, starting later in November.
Corn and wheat futures halted their corrective pullbacks from the two previous days overnight, but soybeans extended Wednesday’s declines.
Soybean basis firmed despite the rollover to the January contract, which is around 13 cents above November.
Soybeans were also slightly lower overnight, pulling back from Tuesday’s gains.
Spring wheat futures led gains in the grain and soy complex overnight.
Decline in the HRW crop was led by Texas, though crops in Kansas, Colorado, Nebraska and Montana also dropped.
Corn and soybean export inspections met expectations, with soybean shipments near the high end of pre-report estimates.
Spillover from surging wheat futures supported corn overnight, while soybeans faded.
Corn and soybeans modestly extended this week’s price gains overnight but didn’t take out Thursday’s highs.