Jeff Wilson joined the Pro Farmer team in 2018 as our senior market analyst.
Ahead of the Open: Grains Weak, Soy Firm With Possible China Trade Deal ahead of Nov. 8 USDA Reports
Funds building long position but increasing corn short holdings.
China trade deal doubts continue to limit gains.
U.S. harvest continues to slog along.
End of the month cross current also contribute to a choppy session.
Quietly waiting for more news on the U.S./China trade front.
Positive comments on U.S./China trade lift soybeans.
Markets watching for any signs of improved global demand for U.S. supplies.
Corn and soybeans favored the upside overnight, but weekly export sales were disappointing, especially for soybeans. However, USDA did announce daily soybean sales to China.
Rains positive for South American crops, more needed.