HOURS FOR TUESDAY, OCT. 26: Owaneco Closed Pana and Palmer open until 7 p.m. Assumption and Westervelt until 5 p.m. for inbound grain
HOURS FOR TUESDAY, OCT. 26: All locations open at 7 a.m.
Futures
@C - CORN - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Dec 21
541'4
-2'0
542'4
542'4
541'0
543'4
09:46P
Mar 22
550'2
-2'0
551'0
551'2
549'6
552'2
09:46P
Dec 22
533'4
-3'2
535'2
536'0
533'4
536'6
09:46P
@S - SOYBEANS - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Nov 21
1235'2
-2'6
1237'2
1238'0
1233'2
1238'0
09:46P
Jan 22
1243'6
-3'6
1246'4
1247'2
1242'2
1247'4
09:46P
Nov 22
1231'4
-3'0
1231'6
1233'6
1230'0
1234'4
09:46P
@W - WHEAT - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Dec 21
745'4
-6'6
750'4
751'2
745'0
752'2
09:46P
Jul 22
753'6
-5'6
758'0
758'2
753'4
759'4
09:46P
@YM - E-MINI DOW JONES $5 - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Dec 21
35632.00
- 12.00
35646.00
35696.00
35612.00
35644.00
09:46P
My Custom Markets
Symbol
Last
Change
Open
High
Low
Close
Time
More
Closing Market Comments
10-26-21
Corn
Corn rallied at mid-morning, erasing earlier losses, with CZ and CH each gaining 5 ½ cents. Commodity fund buying helped to push the market higher as funds were buyers of an estimated 6000 corn contracts as of midday. Corn found support from higher crude oil markets and a surge of 7 to 9 cents in cash ethanol prices which are pushing ethanol margins to even higher levels. Also supportive to corn were higher oat futures, which traded to an all time high this morning, as well as surging Minneapolis wheat futures which made fresh contract highs today. CZ finished 3 cents below the 100-day moving average, a level it has not traded above since mid-August. Chinese feed prices have risen sharply during October giving rise to conjecture that China will buy significant quantities of U.S. corn in the coming months in an attempt to push domestic prices lower. There has been lots of talk recently about the high price and potentially limited quantity of fertilizer available for the 2022 U.S. corn crop that threaten to limit planted acreage next spring. This has some traders buying corn futures as a hedge against rising input costs. Gains were limited by the tepid pace of U.S. export inspections and favorable growing conditions across Brazil and Argentina.
Soybeans
Soybeans were little changed at the close after trading both sides of Monday’s closes. SX was ¾ cent higher and SF added ½ cent. Commodity funds were net buyers of soybeans in the pre-noon hors with total purchases estimated at 5000 contracts. The market traded in the red for the most part prior to mid-morning when a strong corn rally pulled prices higher. The market then gave back all of the gains by the closing bell as corn faded slightly and wheat futures fell back to negative territory. Concern about high priced and limited availability of fertilizer that helped push corn higher worked against the bean market as traders surmised that acreage would switch to soybeans. FAS this morning flashed soybean sales to China of 199,000 MTs and another 125,730 MTs to Mexico. The Phase 1 trade agreement with China expires on December 31st. U.S. and Chinese officials met overnight. There was no word on any possible progress in establishing a new trade deal.
News from the Coop
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