Effective 9-25-19 Drying charges on corn delivered to Assumption Coop Grain Co. will be 1 3/4 cents per 1/2% of moisture....
Futures
@C - CORN - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Dec 19
392'4
0'6
391'6
392'6
391'4
391'6
10:20P
Mar 20
404'0
0'4
403'4
404'0
403'0
403'4
10:18P
May 20
410'2
0'4
409'4
410'2
409'2
409'6
10:18P
@S - SOYBEANS - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Nov 19
930'0
2'0
928'0
930'2
927'2
928'0
10:20P
Jan 20
944'0
1'6
942'0
944'0
941'4
942'2
10:20P
Mar 20
956'0
1'4
954'2
956'0
953'4
954'4
10:20P
@W - WHEAT - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Dec 19
516'4
3'2
514'2
517'0
512'6
513'2
10:20P
Jul 20
527'6
1'4
525'4
527'6
525'0
526'2
10:19P
@YM - E-MINI DOW JONES $5 - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Dec 19
26926.00
- 14.00
26933.00
26947.00
26876.00
26940.00
10:21P
My Custom Markets
Symbol
Last
Change
Open
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Closing Market Comments
10.16.2019
CORN
Corn was lower today, pressured by weak demand and a drier Midwest forecast for the final week of the month. CZ was 1 ½ cents lower; CH settled ¾ of a cent in the red. Commodity funds were sellers of an estimated 4400 corn contracts as of midday. Fresh news was lacking today as traders wait to see if a trade deal between the U.S. and China is completed. Reports suggest that at least two stumbling blocks to an agreement remain, those being tariffs and intellectual property. President Trump said that he won’t sign “Phase 1” of a deal until he meets with the Chinese president next month. Nearly all of the Midwest is expected to be drier than normal the final week of October which will allow harvesting to progress quickly. The exception will be in the Dakotas where producers will struggle with wet soils after last weekend’s blizzard. A lot of corn acres in this region will likely not be harvested until next spring.
BEANS
Soybeans traded both sides of yesterday’s closes before finishing lower here at mid-week. SX finished 6 cents in the red and SF fell 6 ¼ cents. Commodity funds were sellers of an estimated 2900 soybean contracts as of midday. The weaker close was the result of light harvest pressure and a lack of any fresh news regarding the status of U.S./Chinese trade talks. Most of the Midwest is actively harvesting soybeans and will be until rains arrive late in the weekend into early next week. A dry period is expected thereafter which is expected to last into the closing days of the month. A meeting between the Chinese government and State-Owned Enterprises was held in Beijing today to discuss U.S. ag purchases but reportedly ended without any clear decisions on future purchases. The weekly export sales report is delayed to Friday morning, due to Monday’s Columbus Day Holiday.
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