Grains face early selling pressure from hedgers getting covered after a busy harvest weekend. Guidance comes from the energy trade after that. In the Headlines Down 30 cents for the week, soybean futures shrugged off Chinese buying listed to total nearly 1.5 million metric tons. While significant, the purchases were likely only a fraction of the amount of soybeans sold by farmers across the scale last week. Down just a nickel last week, corn futures faced harvest pressure but relatively less in the form of farmer selling as producers delivered against previous contracts and opted to sell soybeans/store corn. President Trump on Friday issued an executive order waiving the sanctions against Russia that were passed in the Graham Act with bipartisan support. The move was Trump’s latest in an effort to tame surging fuel prices. Utilizing more than 1,000 drones, Ukraine attacked a Russian oil terminal in St. Petersburg on Sunday in the latest targeting of energy infrastructure following claims of Russia striking Ukraine’s oil and gas assets. Ukrainian President Volodymyr Zelensky has spoken out against what he claimed were 76 instances of Russian assaults on energy infrastructure in the week since President Trump announced that Russia and Ukraine had…
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