We haven't done much with grains and beans this year as the action has been elsewhere (equities, gas*, etc):
Even the move in beans since the August Iowa/Illinois wind storm hasn't been all that dramatic:
870 to 1000, ~15%.
*August 3's "Hey Lookee There, Natural Gas Is Up 17.8%" on the day!.
Anyhoo, from Reuters:
U.S. soybean futures advanced on Monday, with the most-active contract rising above $10 a bushel for the first time in two years on strong export demand from China, before paring gains on profit-taking, analysts said.
Corn futures ended modestly higher after reaching a six-month top and wheat also rose.Chicago Board of Trade November soybeans settled up 3-1/2 cents at $9.99-1/2 per bushel after reaching $10.08-3/4, a contract high and the loftiest price for a most-active contract on a continuous chart since June 2018.CBOT December corn ended up 1 cent at $3.69-1/2 a bushel after hitting $3.71, its highest level since March 16, while December wheat finished up 3-3/4 cents at $5.45-3/4 a bushel.Soybeans advanced after the U.S. Department of Agriculture (USDA) on Friday lowered its forecasts of U.S. soybean production and 2020/21 ending stocks.Analysts noted that the government left its estimate of U.S. 2020/21 soybean exports unchanged in its report despite an uptick in soybean sales to China, a factor that fed expectations that USDA might further trim its stocks forecasts in coming months. The USDA on Monday confirmed fresh sales of U.S. soybeans and corn to China....MORE
Friday's report was the monthly WASDE.
Here's Monday's weekly Crop Progress Report
