This Week in Markets — Russian Production, Grocery-Store-Owned Farms & Railroad He-Said He-Said

by

Opinion

While some were thinking of turkey and pumpkin pie ahead of the Canadian Thanksgiving long weekend, the grain market got a hold of the USDA’s October WASDE report. The report pushed some volatility in trading and wheat and canola closed in the red for the week, despite their hot start and trend to the upside just 5 days earlier. While pre-report expectations were some higher yield and production numbers for corn and soybeans, ending stocks for all the major crops came in under those forecasts. New average yield expectations from the USDA for corn came in at 174.2 bushels per…

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