Grain futures today recent rainfall deficits in parts of

Recent rainfall deficits in parts of Brazil have sparked rallies in grain futures today. Soybeans climbed to $13.21, with market participants recalibrating yield predictions ahead of next month’s USDA estimates. This time, the crew follows a historic Midwestern paper, The Toledo Truth Teller, and a publisher who has the difficult task of trying to breathe new life into it. However, optimistic editor-in-chief Ned Sampson (Domhnall Gleeson) comes in with hopes of restoring the paper to its former glory days. Malaysian palm oil futures rise… Malaysian palm oil futures rose modestly Wednesday to around MYR 4,370 per MT, snapping a three-session fall as a weaker ringgit supported prices. Meanwhile, the Malaysian Palm Oil Board projected that stocks could fall to 1.7 million MT by year-end, with output easing seasonally and exports rising on festive demand. In India, the world’s largest edible oil importer, authorities raised base import prices for some commodities, including all vegetable oils, to reflect higher global benchmarks. Edible oil imports there are expected to hit a record 17.1 million MT in 2025/26. Separately, top producer Indonesia set its crude palm oil reference price at USD 963.61 per MT for October, up from USD 954.71 in September. Grain futures today witnessed upward pressure in Chicago wheat contracts after reports of delayed planting in the Northern Plains. This weather premium has prompted speculative buying, with resistance levels seen near $6.25 per bushel.