What were the main takeaways?

Yeah, so the October was it was relatively quiet for wheat with the broader global balance sheet largely unchanged.

Global wheat consumption is running ahead of production, which should reduce inventories.

That provides some underlying support for prices, but the market is still weighing that against competition from major exporters.

I guess the bigger talking point for wheat was U.S. exports were trimmed by nearly 600,000 tons, and that flowed through to an increase in ending stocks.

So the market reacted pretty sharply on that point, with US wheat futures dropping to their lowest level in roughly two months.

European futures tried to follow that late on Friday, but ongoing tensions in the Black Sea helped limit the downside.

Looking beyond the USDA report, what have you seen in grain markets this week?