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Mexico’s president shakes up his trade team as USTR Tai holds virtual meeting

“Extreme” or “exceptional” drought now covers 59% of Kansas, including virtually all of the southern half of the state and many of the western counties.

Weekly export sales for week ended Oct. 27 reported corn, soybeans, and wheat on the lower end of estimated ranges. Soybeans export sales remain marginally ahead of last year, while corn persistently lags by over 50%.

Corn and wheat futures faced followthrough selling overnight, while soybeans gave back more than they gained on Wednesday.

Corn and soybean basis continues seasonal recovery from harvest lows.

Wheat futures tumble after Russia resumes participation in Ukraine export deal; soybeans climb to six-week high.

Powell’s comments seemed to walk back the more dovish tone in the post-meeting statement.