11/04/26 Blue Wave for Elections, Red Wave for Grains

11/04/2026 Click Above to Watch the Morning Market Talk Video Blue Wave for Elections, Red Wave for Grains On the Grains: Democrats captured control of the Senate and House as a blue wave surged across the country during Tuesday’s midterm elections. Democrats flipped Senate seats in Maine, Iowa, Kansas, Ohio, Texas, South Carolina and North Carolina and numerous seats in the House. Global markets responded with stocks rallying, while bond yields and the U.S. dollar retreated.Meanwhile, the red wave of price losses continued in the grain markets. Soybeans plunged to their lowest level since mid-August, with the January contract probing $12. December corn futures extended to the lowest level since July 1, probing the $4.40 level. Wheat markets made for-the-move lows before modestly rebounding from those levels. The latest fundamental headwinds are coming from the StoneX yield estimates, which pegged corn at 183.1 bu. and soybeans at 55.0 bu. per acre this month. The StoneX production forecasts are 16.203 billion bu. for corn and 4.725 billion bu. for soybeans. If StoneX is correct, that’s more bushels that need to be chewed through via increased demand. The way to encourage more usage is through lower prices. Regarding Tuesday’s elections, Washington policy…