10/03/25 Will Soybeans Go for A Three-Peat?

10/03/2025 Click Above to Watch the Morning Market Talk Video Will Soybeans Go for A Three-Peat? On the Grains Soybeans are weaker early this morning but are higher for the week. Corn and wheat are mildly leaning down this morning and lower for the week. The big question to close the week is whether soybeans will catch another wave of buying late in the session, as has been the case the past two days. As of Sept. 23, funds were short ~25,000 contracts of soybean futures, but they have covered some of those. Unfortunately, we won’t have an update on funds’ positioning until the government shutdown ends. Gov’t shutdown: Day 3 Democrats and Republicans remain deadlocked on a short-term funding measure required to reopen the government. Leaders of both parties are digging in their heels, sticking to their positions. Lower-level negotiations have failed to strike a deal and another Senate vote today on a House-passed temporary spending bill is expected to fail. The Senate is unlikely to hold votes over the weekend, almost certainly pushing the shutdown into next week. Due to the government shutdown, the September employment data that would have been issued won’t be released. Private companies’ payrolls…