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10/22/25
Corn up 4, Beans up 4, Wheat up 3
Crude Oil-59.27 up 2.03
US Dollar-98.91 down .02
Dow Jones-46,590.41 down 334.33
Bean harvest is nearing 80% completion and yield reports remain promising. The Chinese are still modestly booking cargos of South American beans. Traders remain hopeful that a trade deal between Trump and Xi will materialize soon. Both countries have something to gain: China needs lower US export tariffs and cheaper soybeans imports, and the US needs a buyer for the big bean crop. Corn had little exciting news today but closed higher as harvest winds down. Algeria’s larger than expected wheat purchase kept world prices firm today.
Brynna
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