Grains have potential for follow-through higher behind positive Friday settlements for corn and soybean futures. Traders will remain tentative amid heightened outside market volatility and ahead of the Tuesday crop report. In the Headlines Thursday’s stock market slump was noted for erasing $2.5 trillion of value from the tech-heavy Nasdaq index. Investors expressed worry that new Democratic governors and lawmakers would block the construction of data centers. That concern was fueled in part by comments from the governor elect in Texas that promised a moratorium on new data center approvals, although she has indicated that already permitted projects will be allowed to continue. The Nasdaq rebounded on Friday but still finished lower for a fourth straight week. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer on Friday had a video call with the Chinese Vice Premier in charge of trade talks, with the two U.S. officials explicitly asking for follow-through on China’s prior commitments to open the market for rare earth minerals and meet its targets for agricultural purchases. Talks are increasing again in preparation for President Trump’s next meeting with Xi Jinping at the Asia-Pacific economic conference in China on November 18 and 19. There were fresh reports…
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