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The Purdue University/CME Group Ag Economy Barometer index climbed to a reading of 115 in October, up 27 points (19.3%) from September and five points (4.5%) above year-ago.
Soybean inspections during the week ended Oct. 31, led the decline, falling 469,793 MT, while wheat inspections fell 101,134 MT and missed pre-report expectations.
Corn and soybeans are moderately higher with wheat futures working to follow higher. Cattle and hog futures are lower to start the week…
What to watch for on Election Night
Soybeans led strength overnight with corn following to the upside. Wheat traded higher early in the session, though selling interest picked up as the session went on.
Short-term trend turns bullish for oats and soyoil.
Soybeans posted double-digit gains overnight while corn followed to the upside. Wheat is narrowly mixed this morning after gains earlier during overnight trade.
Latest election polls | FOMC decision Thursday | USDA reports Friday | FDA extends public comment period on sodium reduction guidelines
