Core Insights - Corn futures experienced slight increases, with December contracts up ¼ cent and deferred contracts up 2 ½ cents, indicating a return of carry into the market [1] - The national average cash corn price rose by ¼ cent to $3.88, reflecting a stable market ahead of the Thanksgiving holiday [1] - Export sales data revealed a total of 1.327 million metric tons (MMT) of corn sold in the week of October 9, which is a four-week low and below the same week last year [2] Market Positioning - Managed money held a net short position of 191,055 contracts in corn futures and options as of October 14, with an increase of 49,089 contracts from the previous week [3] - South Korean importers purchased at least 324,000 MT of corn, with expectations of 68,000 MT coming from the US, indicating ongoing international demand [3] Price Movements - December 25 corn closed at $4.23 ½, down ¼ cent, while March 26 corn closed at $4.38 ¼, up 1 ½ cents, and May 26 corn closed at $4.46 ¾, up 2 ½ cents, showing varied price movements across different contracts [4]

Market Overview - Soybean futures increased at the Tuesday close, with contracts rising by 1 to 3 cents. The national average cash bean price rose by 1.75 cents to $10.52 [1] - Soymeal futures saw an increase of $1.70 to $2.80, while Soy Oil futures remained steady or increased by up to 13 points [1] Export Sales Data - The USDA released delayed Export Sales data, reporting soybean sales at 785,003 MT, which is on the lower end of the 0.5-1.4 MMT trade estimates for the week of October 9. This figure represents a 3-week low and is 53.9% lower than the same week last year. Notably, China had not made any purchases during this period [2] - Meal sales were reported at 358,406 MT, exceeding the estimates of 150,000-400,000 MT. However, bean oil sales were below estimates, recorded at 1,924 MT against expectations of 5,000-30,000 MT [3] Speculative Positions - Commitment of Traders data indicated that soybean speculators held a net short position of 391 contracts as of October 14, reflecting a modest increase of 38 contracts in the net short position during that week [3] Brazilian Export Estimates - ANEC has revised its estimates for Brazilian soybean exports in November to 4.4 MMT, which is a reduction of 0.31 MMT from their previous forecast [3] Closing Prices - As of January 26, soybeans closed at $11.24 3/4, up 1.5 cents, with nearby cash at $10.52, up 1.75 cents. March 26 soybeans closed at $11.34 3/4, up 2.75 cents, and May 26 soybeans closed at $11.45, up 3 cents [4]

Group 1 - Cotton futures are experiencing slight gains, with December futures down 35 points [1] - Crude oil futures decreased by $0.26 per barrel to $58.99, while the US dollar index increased by $0.009 to $100.160 [1] - Export Sales data indicated 198,985 RB in cotton export business for the week of October 2, marking the third largest for the marketing year, with export shipments reaching a marketing year high of 157,757 RB [1] Group 2 - Managed money increased their net short position by 2,736 contracts as of September 30, holding a total net short of 64,740 contracts [2] Group 3 - The November 19 online auction from The Seam sold 5,724 bales at an average price of 58.96 cents per pound [3] - The Cotlook A Index rose by 35 points to 74.65 cents on November 19, while ICE certified cotton stocks remained steady at 20,344 bales [3] - The Adjusted World Price is currently at 51.83 cents per pound, with updates expected later [3] - December 25 Cotton is priced at 61.95 cents, down 35 points; March 26 Cotton is at 63.82 cents, up 4 points; May 26 Cotton is at 65.05 cents, up 2 points [3]

Core Insights - Corn futures experienced a decline, with losses ranging from 3 to 4 cents, influenced by external factors such as a two-month high in the US dollar index and a decrease in crude oil prices by 98 cents per barrel [1][3] - The national average cash corn price fell by 4 cents to $3.76 3/4, while December futures maintained an average close of $4.20 for the month, with fluctuations between $4.16 ½ and $4.22 [1][3] - Harvest pressure is evident as record acreage is being harvested without significant obstacles, contributing to uncertainty among traders due to a lack of export sales data [2] Price Movements - December 25 Corn closed at $4.18 1/4, down 3 3/4 cents, while nearby cash corn was at $3.76 3/4, down 4 cents [3] - March 26 Corn closed at $4.34, down 3 3/4 cents, and May 26 Corn closed at $4.42 3/4, down 3 1/2 cents [3] Production and Import Data - China's monthly report maintained the production estimate at 296.16 million metric tons (MMT) and reduced the import forecast by 1 MMT to 6 MMT [3]

Group 1: Cotton Futures Market Overview - Cotton futures experienced gains, with contracts mostly steady to 12 points higher, specifically December futures up 11 points this week [1] - The US dollar index decreased by $0.370 to $97.845, while crude oil futures increased by 22 cents [1] - Managed money in cotton futures and options increased their bearish positions by 2,943 contracts as of September 23rd, resulting in a net short of 62,004 contracts [1] Group 2: Export Sales and Auction Data - Export Sales data indicated a total of 4.059 million RB of cotton sold by September 18, reflecting an 18% decrease from the previous year, which is 37% of the USDA export target and below the 53% average pace [2] - An online auction from The Seam recorded 1,561 sales at an average price of 59.3 cents per pound [3] - The Cotlook A Index fell by 45 points to 77.70 cents on September 25, while ICE cotton stocks remained steady with certified stocks at 15,474 bales [3] Group 3: Price Movements - Cotton prices for October 25 closed at 63.95 cents, up 12 points; December 25 closed at 66.4 cents, also up 12 points; and March 26 closed at 68.26 cents, up 7 points [3] - USDA's Adjusted World Price (AWP) decreased by 41 points this week to 54.38 cents per pound [3]