View the video version of this episode here.

With USDA reports still offline during the government shutdown, grain markets are trading without the usual data backdrop — even as harvest barrels toward the finish line.

This week on The Grain Feed, Jim Matthews and Jake Kingsley talk through what a “no-report October” means for basis, board behavior, and near-term risk decisions as corn moves past 60% harvested and soybeans approach three-quarters complete. They unpack why basis pressure may soon fade, how soymeal continues to find long-term support near $280, and how China-linked trade headlines and Argentina sales are propping up the soy complex. The conversation closes with a look ahead to early 2026 positioning and why locking in coverage near the bottom of the range may make sense before harvest tailwinds disappear.

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