Highlights
All long November soybean futures and basis contracts need to be rolled or priced by the close of business tomorrow to avoid any chance of being assigned delivery.
CBOT prices were lower yesterday because crude oil was down about $4 most of the day because Israel’s counter strike on Iran was not aimed at Iran’s oil infrastructure. Additional pressure came from Brazil’s rainy season progressing well and some much-needed rain is in the forecast over the next 10 days for the U.S. Southern Plains. Black Sea grain market guru, Andrey Sizov, reported Russian wheat exports are thought to be pushing a record for October with exports at 5 million mts, which would beat the record of 4.64 million mts for this month.
Harvest Progress
