Good Morning!

The grain markets are mixed with beans and wheat finding moderate support while corn futures are holding near unchanged following yesterday’s friendly WASDE report. The world weather outlook is mostly unchanged with improving US Midwest harvest weather while South America crop regions see mostly average rainfall. The outside markets are rebounding following sharp losses on Wednesday and Thursday.

China is considering placing limits on the amount of protein used to feed pigs and poultry due to tariff concerns. The China Feed Industry Association published the proposal on its website last week and is responsible for setting feed industry standards, working directly with the Ministry of Ag and Rural Affairs.

U.S. President Trump and Chinese President Xi Jinping plan to meet at the G20 summit in Argentina in late November, the Wall Street Journal reported, citing officials in both countries. White House economic adviser Larry Kudlow told reporters at the White House on Thursday that a meeting between the two leaders at the global gathering in Buenos Aires is under discussion.

Rain chances will be scattered through the weekend, definitely favoring th southern Plains and corn belt into the OH River Valley, with lighter action in the north; extended maps remain very dry, with temps still normal to below.

Have a safe and enjoyable weekend.