Grains are called to open quietly steady unless the stock index futures are snowballing lower by that point. Last week showed cracks in the recent grain price strength as the broader financial market flipped risk-off. A late Friday recovery for stocks looks more likely to extend into temporary stability that puts the attention of grain traders back onto Chinese buying. We will discuss moving to reward the soybean price rally this week. In the Headlines Reduced flights were the latest product of government shutdown cuts, with shrunken and unpaid air traffic control teams causing the Trump administration to cancel thousands of flights. Scheduled air traffic is set to decline by 10 percent this week and up to 20 percent if the shutdown continues. A new development on shutdown affecting SNAP payments also came on Friday evening with a court order that suspended an earlier ruling requiring the government to pay full benefits. China followed through on removing certain controls against metals and other elements heavily used in the production of smart phones and other technology hardware. Export restrictions were suspended on Friday for lithium and most of the rare earth minerals, and then on Sunday for gallium, germanium, and other…
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