Monday October 24, 2022

  • Lower coming into the week after a beautiful harvest weekend both in the U.S. and locally 
  • Overall fundamental news remains slow with the huge wave of corn and soybeans entering the marketplace too substantial for bulls to rally against 
  • Little rain on the forecast is not allowing for any sort of relief for the low water levels in the Mississippi river
  • Concern is rising in the Ukraine that the export trade agreement will not be renewed with Russia 
  • The soybean belt in Brazil remains in good condition for planting – however long term forecasts are beginning to turn dryer into November