The grain market saw mixed activity today, with Soybeans futures lower due to profit taking as traders await developments in the China trade talks. The market is holding onto most of the month's 76-cent rally. Options activity was notable in December and January contracts. Corn futures were mixed, finding support from the US-Japan trade deal despite the absence of USDA data due to the government shutdown. December Corn futures maintained the 234 area after a 15-cent rally this month, though options saw major liquidation on the call side. Wheat futures were steady, underpinned by a 22-cent monthly rally and export inspections that are up 19% from last year. A potential interest rate cut is anticipated to be helpful across all grain markets.
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