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Mike Johnson (R-La) wins Speaker seat, Australia posts freeze and China’s hog herd contracts slightly...

U.S. economy posts sizzling 4.9% GDP in third quarter, but slowdown expected ahead

Corn, soybeans and wheat are expected to open mildly firmer this morning.

Weekly corn sales during week ended Oct. 19 totaled 1.351 MMT, which topped pre-report expectations, while soybean sales totaled 1.378 MMT.

Grain markets traded on both sides of unchanged overnight, with beans and wheat mildly favoring the upside this morning.

Few know him and Dems like that as they want to define him to their advantage

Sharp weekly rise in soymeal prices.

Soybean basis firmed over the past week and is now in line with the three-year average.

Beef stocks climbed more than average during September, largely because the previous month’s figure was revised down 15.1 million pounds. Sept. pork stocks dropped, whereas there is normally a small buildup in supplies.