Tidbits, Market Plan for Soybeans, Crude Oil 11/1/25
- Wright team
- 15 minutes ago
- 6 min read
Tidbits
Soybean export: CHS reports that China bought at least four cargoes of soybeans on Friday. Shipments are scheduled for December and January and will originate from both the PNW and the Gulf.
A trader with “inside” connections says the USDA has 20 million mts of soybean exports to China plugged into the S&D for this marketing year. If so, the China deal will not result in an increase in exports on the next USDA S&D.
OPEC will meet tomorrow to discuss December production levels. The market knows OPEC+ is leaning towards making another modest increase. Additional sanctions on Russia from the U.S. along with stronger-than-expected U.S. demand have supported crude oil prices in the last half of October.
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