Monday October 31, 2022

  • Market up to start the week with wheat being the leader due to increased tensions in the Black Sea 
  • The rally has cooled a bit from the initial surge overnight but markets remain supported
  • Russia suspended its involvement in the Black Sea export deal that was struck late summer with 16 ships set to leave that are now left in limbo if Russia will allow them through 
  • Beyond the development in the Black Sea market news remains slow with excellent harvest progress made over the weekend both locally and in the U.S.