Tidbits, Q&A: Commercial Storage, Pre-Hedge, Trade Talks & Crude Oil 10/18/25
- Wright team
- Oct 18
- 5 min read
Tidbits
Pre-hedge: Thirty minutes before the CBOT closed yesterday afternoon, December corn was up 2¼¢ and settled up 1¼¢. Not much pre-hedging pressure. Was it because of the weekend rain in the forecast? No late pressure in soybeans futures at all, which would be as expected; essentially bean harvest is over.
Rumor is China will soon auction 3.5 million mts of government owned soybean beans. Historically, China offers government stocks at auction when domestic prices are getting high enough to make the natives restless.
Yesterday morning, President Trump was asked if his 100% tariff on 1 November on China’s imports will stand. His response: “No.”
Peace talks: Trump met with Ukraine’s President Zelensky at the White House yesterday afternoon to ask for weapons and money. Reuters news reported Trump wanted to talk about peace. As a result, Ukraine will continue to strike targets that support the Russian economy, but will do it without Tomahawk missiles from the U.S.
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