Friday Channel Final Bell with Heather Ramsey with the ARC Group | 11/01/24

The main highlight this week has been export activity, especially with Mexico's demand for corn. On Friday, they purchased 716 million tons of old-crop (OC) corn from the U.S., underscoring their ongoing need for future imports. Drought remains a concern in several regions, though there are signs of potential replenishment in some areas. Fall basis prices are also influencing decisions as we move into the November 1 grain marketing window, which is an important date for managing grain contracts and forecasting the market's direction.