3 Big Things Today, November 5, 2024 [Video]

Soybean and wheat futures were modestly higher in overnight trading on demand for U.S. supplies, though trading is quiet ahead of today’s elections.

Corn was little changed. 

Exporters reported sales of 150,000 metric tons of corn to Mexico for delivery in the 2024/2025 marketing year that started on Sept. 1, the U.S. Department of Agriculture said in a report yesterday. 

An unnamed country bought 120,000 tons of corn and a separate unknown destination purchased 132,000 tons of soybeans, USDA said. 

The agency on Friday reported several sales to overseas buyers including 132,000 tons of soybeans to China, 781,322 tons of corn to Mexico, 198,000 tons of soybeans to an unnamed buyer, and 30,000 tons of soybean oil to India. 

Americans will head to the polls today to vote for president, elect members of Congress and the Senate and cast ballots on a variety of issues. 

The outcome for president is too close to call …