West Central Ag Grain Comments 10/15/25 11:15:17 AM
10-15-25
Good morning. The ag space is yet again quietly lower this morning to start Wednesday in what has been another low volume, low trading range type of overnight session, with soybeans leading the decline on another Trump social media post that came after the markets had closed for the day yesterday afternoon. We would note that it appears spec traders and their computer programs are adapting to the more regular flow of US-China headlines and are not reacting nearly as sharply as they did at the beginning of the month. The trade is becoming aware that there are going to be incendiary headlines from both sides between now and October 31st, but that these headlines may or may not mean anything as it pertains to the likelihood of the planned meeting between Trump and Xi. Corn futures at mid-week are trading 1-2 cents lower, soybean futures are trading unchanged to a penny lower, and the Chicago wheat market is trading 2-3 cents lower. Products are quietly higher, soybean meal is up around 10 or 20 cents/ton and soybean oil is up 20-25 points. Outside markets are mixed, crude oil futures are up 5-10 cents/bbl, the Dow Jones index is up 250 points and the US$ index is down 20 points; the S&P500 is up 50 points and the NASDAQ is up 240 points. Another round of new contract highs for gold overnight
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