Overview
- EIA reported U.S. ethanol production at a record 1.123 million barrels per day, supporting corn futures while inventories rose to 22.655 million barrels.
- USDA export inspections showed strong weekly corn shipments at 1.669 million metric tons for the week ending Oct. 30, with marketing‑year exports 63.99% above last year.
- Wheat traded mixed after recent gains tied to reported Chinese buying interest that remains unconfirmed as Export Sales go unreported for a sixth week.
- Soybeans rebounded Wednesday after Tuesday’s pullback, with exchange delivery notices rising to 1,093 for the month and weekly inspections down 16.8% from the prior week.
- Live cattle futures fell by the daily $7.25 limit and feeders slid roughly $9, with USDA data showing this week’s federally inspected cattle slaughter running below last year.