Tidbits, Basis & Shipping, Crude Oil & Fuel Pricing, Harvest Reports, Brazil PMI 10/4/25
- Wright team
- Oct 4
- 5 min read
Tidbits
Basis Bids: On Thursday, St. Louis basis changes were:
Soybean -12X (12¢ under November futures), was 10¢, the strongest level since August 13th.
Corn 8¢ firmer to 4 over the December futures price.
Soft Red Winter wheat was up 16¢ at -17Z (17¢ under December futures price).
The Lower Mississippi is expected to drop below 8 feet by next Friday.
President Trump and Chinese President Xi are scheduled to meet on 31 October.
Crude oil: With crude oil refinery runs reduced by Ukraine’s barrage of drone strikes, Russia’s crude oil exports jumped 25% in September over August as 2.5 million barrels per day were shipped in Russia’s three Western ports of Primorsk, Ust-Luga, and Novorossiysk.
The joint ministerial monitoring committee of OPEC+ will meet tomorrow. Yesterday, that committee stressed the need for full compliance with respective members' production quotas after it was revealed Kazakhstan's output came in at 1.65 million barrels per day last month, which was 12% above its quota, despite seasonal field maintenance.
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