3 BIG THINGS TODAY, OCTOBER 31 SOYBEANS, GRAINS LITTLE CHANGED OVERNIGHT; CORN HARVEST WELL BEHIND NORMAL, BEANS ABOUT AVERAGE. By Tony Dreibu
3 BIG THINGS TODAY, OCTOBER 31 SOYBEANS, GRAINS LITTLE CHANGED OVERNIGHT; CORN HARVEST WELL BEHIND NORMAL, BEANS ABOUT AVERAGE. By Tony Dreibus 10/31/2017 1. SOYBEANS, GRAINS LITTLE CHANGED AS CHINA DEMAND OFFSETS SOUTH AMERICA WEATHER Soybeans and corn were little changed overnight as investors weigh demand from China against favorable weather in South America. Demand from China has been strong so far this calendar year as the country’s General Administration of Customs in Beijing said imports of soybeans rose 13% in September, and in the first nine months of the year jumped 15% from the same time frame in 2016. Still, South American production prospects may improve as rainfall in Argentina isn’t expected to keep farmers completely out of fields, allowing them to get their crops sown, and rains in Brazil are “largely beneficial” in the next 10 days. In the U.S., yields have been reportedly strong, but the corn harvest is still well behi...