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Futures Close Report 1st November 18

US China trade dispute in focus for markets as positive comments made on both sides point towards a possible resolution –  CBOT soybean markets firmer seeing their biggest weekly gain in some 16 months, as traders position for any positive movement.  US soybean stocks continue to rise as harvest rapidly moves towards completion, and the absence of the worlds largest buyer is being keenly felt by the US producers.

FC Stone lowered their estimates for US corn yields from 182.7 to 181.4 Bushels / acre – for soybeans yield was lowered from 54 bushels / acre to 53.2 bushels per acre.