Grain futures markets showed a divergence today: oats surged 2.3%, while soymeal futures weakened. Analysts attribute this to shifting feed formulations in response to price spreads, a trend that could persist into winter. “I pray that what words I use today, it will touch the hearts of someone out there,” he said, “because I tell you, it will absolutely destroy our little town.” In the Black Sea, selling ideas for Russian 12.5% wheat were stable at $231-235 per tonne FOB Novorossiysk-Taman-Tuapse (NTT) for loading in October-November. On the buying side, ideas were heard rising to $227-229 per tonne range on an FOB NTT basis. CBOT grain futures are drawing speculative money amid geopolitical tensions affecting global supply chains. Wheat for December delivery is up 2%, supported by reduced shipment flows from key Black Sea ports.
