China’s higher corn and soybean prices are making the U.S. products cheaper on the world market.
The weather window has allowed farmers to work ahead on bringing in both corn and soybean crops.
Increased exports, variable yield reports, and uncertain planting weather in South America have investors thinking the U.S. carryouts could tighten, analyst says.
The crop condition ratings fell last week.
On Friday, the USDA released its October Supply/Demand Report.
Investors will be positioning ahead of Friday’s USDA Supply/Demand Report.