Harvest weather & trade war guide grains — this week in the grain markets

Opinion

Grain markets finished the fourth week of October with the same headlines running the complex: harvest weather/challenges and a trade war deal between the U.S. and China. Soybeans saw a big sell-off on Friday though as speculators sold off positions ahead of the weekend with no confirmed news of a deal between the world’s two largest economies, as well as grain buyers hedging their anticipated weekend deliveries of freshly-harvested beans. Corn also fell a bit on grain elevator pre-hedging but weekly losses were more so attributed to weaker demand fundamentals. In last week’s grain markets update, I referenced “Phase One”…