For Wednesday, reports include the release of NOPA soybean crush data for September at 11 a.m. CDT, which may serve as a refreshing shift of market focus from the struggling export pace for soybeans to what is expected to be record domestic demand through 2025-26. Traders will also be tuned in for the latest developments in the U.S.-China trade war after President Trump made comments Tuesday that he may move to terminate cooking oil trade with China in retaliation to their boycott of U.S. soybeans.
Weather
A pair of systems are moving through the country on Wednesday. The front one is dying as showers go through the Great Lakes Wednesday morning. A bigger system in the West will continue showers there and in between we should see some isolated shower development as well. Those showers will expand Wednesday night as the western system moves into the Plains for Thursday.