Soybeans: Higher-than-expected declines in yields and yields were offset by higher opening stocks and lower exports, keeping ending stocks at 220 million bu, lower than the average market estimate of 233 million bu, leading to a slight rebound in U.S. beans and a slight increase in U.S. soybean prices in the short term. Going forward, the market will continue to refocus trading on U.S. soybean exports, crushing, and sowing and growing South American soybeans.
Palm oil: MPOB's October report was less than expected or led to short-term palm oil short cover and market rebound, and the outlook for the future market, the subsequent inventory changes in production areas, the impact of El Niño on rainfall in Southeast Asia, and crude oil price trends will be important factors affecting the price trend of palm oil in the medium and long term. As the market continues to price horse palm accumulation through declines and crude oil prices begin to stabilize, unilateral palm oil prices may be expected to gradually find support as El Niño strengthens.
Corn: USDA remains concerned about future U.S. corn exports, as the overall stock-to-consumption ratio remains accommodative, indicating that CBOT prices remain under pressure.
