This was an interesting start to October and the new quarter. Markets were quiet overnight with little price movement. However, that changed significantly at today’s openings with corn and soybeans turning sharply higher. Meanwhile, wheat futures continued to hover around unchanged. There were several factors that might have brought buyers back at least to corn and soybeans), including the following:

The U.S. and Canada resolved their trade dispute. While this agreement isn’t significant for U.S. agriculture except for a small portion of the dairy industry, it does have some saying a China deal might not be as distant as it seems. The U.S. Corn Belt weather forecast indicates cold and wet conditions for some time, which will...