After weeks of falling grain prices, traders look to USDA's November
reports for possible market support, with corn and soybean production, export
demand and global wheat trade among the key factors to watch.
BUSDA Reports Preview
The GAO, an investigative arm of Congress, on Monday released a report
examining USDA's plans to reorganize several agencies, including relocating
thousands of staff to regional offices around the country. The report also
broke down the 18,000-person decline in USDA employees, about 20% of the
department's workforce, since the beginning of the Trump administration.
BUSDA, GAO Clash Over Reorganization
Corn was 81% harvested and soybeans were 92% harvested as of Sunday, Nov.
8, according to USDA NASS' weekly Crop Progress Report. Winter wheat was 89%
planted and the crop was rated 49% good to excellent.
1^USDA Weekly Crop Progress Report
Thanks to trader support and Tyson's announcement that they indeed intend
to reopen the second shift at their Amarillo, Texas, beef facility by the
summer of 2027, the cattle contracts rallied through Monday's trade.
BSort and Cull
In a prolonged war over Taiwan, being unable to import foreign soybeans
could create a domestic crisis in China, an expert on China's military argues.
We have a few questions about that.
1^An Urban's Rural View
