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[Pro Farmer @profarmer]

Renewable Fuels Association’s Troy Bredenkamp says the push from Alabama and Louisiana to waive 2027 Renewable Fuels Standard obligations would raise gas prices, not lower them, and hurt rural America.
https://t.co/rziCcqooZV

[Pro Farmer @profarmer]

History shows USDA's final corn yield estimate has room to fall from November forecast.
https://t.co/fm4VqYJQXZ

[Pro Farmer @profarmer]

The American Soybean Association on Tuesday warned against requests from oil-state governors petitioning for a rollback of Renewable Fuel Standard volumes. In a statement, the ASA noted that national average costs of biofuel blends are lower than conventional petroleum fuels.
https://t.co/dGXbRGWNPY

[Pro Farmer @profarmer]

President Donald Trump’s efforts to supply the U.S. with Russian diesel haven’t yet resulted in any new imports into the country, as several fuel tankers bound for America shifted course following difficulties finding buyers willing to accept the controversial cargoes, the Wall Street Journal reported. Among the snags is a fear that that accepting the diesel could cause companies to run afoul of international sanctions, the report noted, with fuel imports from Russia still banned by the U.K., European Union and Switzerland.
https://t.co/dGXbRGXlFw

[Pro Farmer @profarmer]

U.S.-mediated peace talks between Russia and Ukraine concluded after less than two hours on the second day of meetings in Abu Dhabi, Bloomberg reported, citing Russian state media. Ukrainian President Volodymyr Zelenskyy said earlier Wednesday during a visit to Denmark that he expected to be briefed on the outcome of the talks. “It will be about what can we do with any steps with energy ceasefire, or ceasefire on the sea, exchanging of our prisoners, and helping to prepare the meeting on the level of leaders,” he said.
https://t.co/dGXbRGWNPY

[Pro Farmer @profarmer]

A drone attack caused a fire in the port area of Ust-Luga by the Baltic Sea in Russia’s northwest, injuring three workers, Reuters reported. Ust-Luga ⁠is a major oil, oil products and grain export outlet, along with ⁠other commodities.
https://t.co/byfab0LwpE

[Pro Farmer @profarmer]

David Perdue, the U.S. ambassador to China, told Bloomberg that the uproar around Nvidia CEO Jensen Huang’s affair with an alleged spy is posing a test to bilateral relations.
“National security is part of this economic conversation because economic security is national security. And so, what we’re doing with China is bumpy right now,” he said.

[Pro Farmer @profarmer]

In this morning's First Thing Today:
-Corn, soybeans give back some of Tuesday's post-USDA gains in overnight trade.
-Drone attack causes fire at Russia's Ust-Luga port by Baltic Sea.
-U.S.-China relations "bumpy" amid uproar over Nvidia CEO Jensen Huang's affair with alleged Chinese spy, says U.S. ambassador to Beijing.
https://t.co/dGXbRGWNPY

[Pro Farmer @profarmer]

CoBank projects the U.S. inland barge fleet shrinking about 17% by 2035 while USDA expects grain and oilseed exports to grow 9%. Operators who ship by river should plan for wider freight swings and a softer basis.
https://t.co/mRp173IBCZ

[Bill Watts @wlwatts]

And soybeans live up to their November wildcard reputation once again...

[Michelle Rook @michellerookag]

PM #AgriTalk - Spencer Langford @profarmer news. @BJSplitt @AgMarket_Net price action. Dan Basse @AgResource has #WASDE analysis. Cary Artac @ArtacAdvisory @wickedstocks stocks/technical updates. Join us at 2:06 pm Central!!!
@AgDayTV @USFarmReport @FarmJournal

[Pro Farmer @profarmer]

USDA cuts 2026-27 soybean ending stocks to 300 million bushels from 315 million, defying expectations for rise to 331 million due to boost in exports.
https://t.co/AS6A9oTkcf

[Pro Farmer @profarmer]

USDA raises 2026-27 wheat carryover to 743 million bushels from 740 million in October, below average guess of 746 million

[Pro Farmer @profarmer]

USDA cuts 2026-27 corn carryover to 1.758 billion bushels from 1.849 billion in October -- below the average estimate of 1.840 billion

[Pro Farmer @profarmer]

-USDA drops corn yield to 179.6 bu./ac from 181.2, coming in below average guess of 180.3
-Average soybean yield raised to 53.3 bu./ac from 53.0, coming below average guess of 53.5

[Pro Farmer @profarmer]

USDA says private exporters reported sales of 312,700 metric tons of corn received in the reporting period for delivery to Mexico during the 2026/2027 marketing year.
-150,000 metric tons of soybeans for delivery to Mexico during the 2026/2027 marketing year.

[Pro Farmer @profarmer]

Funds have liquidated a massive corn position and are now pressing the short side, leaving residual long positions in soybeans vulnerable to a yield or balance sheet surprise.
https://t.co/7tJ3wHmFrs

[Pro Farmer @profarmer]

With harvest 92% complete, it's a good time to take a look back at how this year's soybean crop progressed through the growing season. Planting got off to a swift start and each stage of plant development ran ahead of average before harvest ran into delays...
https://t.co/o6f3VWjscN

[Bill Watts @wlwatts]

Dollar extends gains after hotter-than-expected October CPI (+0.4%) and core CPI (+0.3%) readings. Other highlights:
-Food up 0.5% after unchanged in Sept.
-Beef index up 0.9%
-Energy up 0.7%
-Gasoline up 1% after 9.1% Sept. rise

[Pro Farmer @profarmer]

Ukraine President Volodymyr Zelensky spoke Monday with Indian Prime Minister Narendra Modi. According to Zelensky, Modi said India was ready to mediate in establishing corridors for grain exports in the Black Sea. Ukraine-Russia talks mediated by US are under way in Abu Dhabi.
https://t.co/h8vFgBFcj5