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02/25/2026 China Shopping for U.S. Soybeans? New Reco: Day 1: Advance 2025 wheat sales by 50% against May futures. Sell 25% of 2026 wheat basis December futures. ***Futures trading involves risk. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not indicative of future results. There will not be a Morning Market Talk video today due to a power outage at Eric’s location. On the Grains Soybean futures built on Tuesday’s gains overnight, with soymeal, corn and spring wheat also trading higher, while soy oil and the winter wheat markets faced mild selling. Gold, silver and crude oil traded mildly higher overnight. There were unconfirmed rumors that China was shopping for U.S. soybeans out of the PNW on Tuesday. The market waits to see if any business is confirmed over the next couple of days via USDA’s daily reporting system. President Trump’s State of the Union address on Tuesday evening was the longest in history, declaring “a turnaround for the ages” as he tried to sell Americans on his economic program ahead of crucial midterm elections later this year. Trump toned down…

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Futures trading involves risk. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not indicative of future results.

Trading advice is based on information taken from trades and statistical services and other sources that CommStock Investments believes to be reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice.

There is no guarantee that the advice we give will result in profitable trades.

The views and opinions expressed in this newsletter are those of the author and do not reflect those of R.J. O'Brien & Associates LLC. This report may contain political opinions as well as market opinions and commentary. Any content provided by Commstock Investments or authors are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything.