West Central Ag Grain Comments 11/14/25 9:55:15 AM
11-14-25
- Good morning. Happy Friday. And happy USDA report day. CBOT ag markets are mostly higher in decent volume this morning ahead of what is expected to be one of the more volatile trading sessions we've seen in recent weeks as the USDA makes its much awaited return to the data delivery space. Obviously the numbers seen at 11am central time will be the main driving factors of price throughout the back half of the day today and presumably into the week next week, but we would continue to encourage readers to not forget about the big crop currently growing in South America just because supply side focus might briefly shift back to the USA today. It's a global market and the world is not currently short supplies. Aside from that, we've got little prediction for how the day goes otherwise; computer algorithms will likely have a heyday with the sheer number of data points that are all going to drop at the same time and overall direction will be based on which one they see as most important. Corn futures to start Friday morning are trading unchanged to a penny higher, soybean futures are trading 2-3 cents higher, and the Chicago wheat market is trading 3-6 cents higher. Products are quietly higher, soybean meal is trading either side of unchanged and soybean oil is up around 10 points. Outside markets are mixed, crude oil futures are up 80-90 cents/bbl, the Dow Jones index is down 300 points and the US$ index is up 5 points; the S&P500 is down 70 points and the NASDAQ is down 400 points.
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