
Following a weaker close on Friday, grain futures may face slight technical pressure at the open while traders wait for guidance from the oil market. The forecast for Brazil is dry again this week, but there is more rain next week than what was expected when the market finished trading on Friday. First notice day for December grain futures will come on Thursday this week, the last day of the month. In the Headlines There was discord within the OPEC cartel that delayed a meeting originally scheduled for this weekend. Saudi Arabia and other major oil producers were in disagreement over a plan for additional output cuts, particularly because Angola and Nigeria had not been meeting their production targets anyway. Another meeting is scheduled for this Thursday. Doubt about the extension of OPEC production cuts joined news of a ceasefire agreement between Israel and Hamas to weigh on crude oil futures at the end of last week. The latest planting progress numbers from Brazil pegged soybean seedings at 75 percent complete, which was 12 points behind normal. Rio Grande do Sul was the biggest laggard, having only 26 percent of the crop sown. That state is in Southeastern Brazil, where…