World leadership changes and the U.S. midterm election are affecting commodity markets.
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Brazil election surprise changes exports
Profits in Brazil have declined as soybean prices weaken while production costs remain inflated. For the current crop season, expectations of another record soybean harvest are expected to further reduce Brazilian-producer returns.
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At harvest time the grain market is trying to find fair market value and the end user is looking for where to put harvest lows, said Don Roose…
Harvest yield numbers are finally rolling in, coinciding with a typical low in soybean prices.
After last Friday’s WASDE report, the corn market is trying to figure out where fair market value is.
Disappointment with the outcome of trade negotiations between the U.S. and China led to soybean prices down on Monday, Sept. 28, said Don Roos…
