The grain market continues to erode, technically led by soybean meal and soybeans.
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Soybeans lead grain market erosion
Treasury Secretary Scott Bessent announced Oct. 30 that China will purchase 12 million metric tons of soybeans during this season and 25 million tons annually for the next three years.
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The peak risk management period is behind farmers with crops now in the ground, and while there are dry spots in places, condition rates are lofty.
By Crystal Reed
The seasonals are turning more negative currently, according to Don Roose at U.S. Commodities.
