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HOURS FOR WEEK OF OCTOBER 2, 2023
ALL LOCATIONS OPEN 7 A.M. TO 7 P.M.



 


 

Futures
@C - CORN - CBOT
Month Last Change Open High Low Close Time More
Dec 23 483'4 -4'0 487'4 489'6 482'4 487'4 08:58A Chart for @C3Z Options for @C3Z
Mar 24 498'2 -4'0 502'0 504'4 497'4 502'2 08:58A Chart for @C4H Options for @C4H
Dec 24 511'4 -3'0 514'4 516'0 511'0 514'4 08:58A Chart for @C4Z Options for @C4Z
@S - SOYBEANS - CBOT
Month Last Change Open High Low Close Time More
Nov 23 1269'6 -3'0 1272'0 1285'0 1268'6 1272'6 08:58A Chart for @S3X Options for @S3X
Jan 24 1288'6 -3'2 1291'2 1303'2 1287'6 1292'0 08:58A Chart for @S4F Options for @S4F
Nov 24 1256'2 -7'2 1262'0 1266'0 1255'2 1263'4 08:58A Chart for @S4X Options for @S4X
@W - WHEAT - CBOT
Month Last Change Open High Low Close Time More
Dec 23 553'0 -15'4 567'4 569'6 551'6 568'4 08:58A Chart for @W3Z Options for @W3Z
Mar 24 582'4 -15'2 596'6 598'0 581'6 597'6 08:58A Chart for @W4H Options for @W4H
Jul 24 619'4 -13'2 630'4 632'0 619'0 632'6 08:58A Chart for @W4N Options for @W4N
@YM - E-MINI DOW JONES $5 - CBOT
Month Last Change Open High Low Close Time More
Dec 23 33197.00 - 4.00 33177.00 33297.00 33021.00 33201.00 08:59A Chart for @YM3Z Options for @YM3Z
My Custom Markets
Symbol Last Change Open High Low Close Time More

Closing Market Comments

10-23-23

 
 
 
 
 
Corn and soybean futures finished lower on the day while Chicago wheat saw minor gains. The dollar index continued the upward trajectory, and crude oil prices saw minor gains after suffering losses in the previous three trading sessions.
 
November soybeans traded as low as 20 cents lower on the day to 12.56 3/4 this morning - the lowest level since June - before clawing their way back near unchanged. November beans settled 12.72 3/4 down just 4 1/4 on the day. Demand remains a concern for soybeans. Beans crushed for August in yesterday's USDA Fats and Oils report were less than expected. This, in addition to the well documented poor exports, points to slack in the market which can be absorbed if yields come in slightly lower than expected. On the positive side for soybeans, the seasonal trend says we put in lows at this time of year before trending higher. Some of the decline in crush demand can be attributed to plant maintenance ahead of harvest. Finally, the balance sheet remains very tight with very little wiggle room so overall the soybean market has potential upside from here.
 
Corn remains range-bound. December futures finished two cents lower on the day in quiet trade, and remain range bound. Harvest is moving along well and in-line with historical norms. Most of the corn crop in the US is mature. Ethanol production figures will be released tomorrow. Corn demand from ethanol plants remains strong and a bright spot in the corn market on the demand side.
 
US dollar strength continues with the dollar index moving into a new high for the recent move and is now trading above 107. The dollar index has moved steadily higher since mid-July and has gained 7.2% since then. Crude oil futures found their footing and traded higher after three losing sessions.
 
Bond yields continue to be the story in the macro markets. The 10-Year Treasury was up sharply again today after JOLTS jobs data showed 9.61 mil job openings - higher than expected and an indication the job market remains strong and openings are difficult to fill. The strong employment data supports the Federal Reserve 'higher for longer' interest rate policy which the market feels may drag on economic growth. Equity markets are down sharply on the strong uptrend in yields with the three major indexes down 2%. The next employment data point is this Friday with the Bureau of Labor statistics unemployment data is released.
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 

 
 
 
 
 
 
 
 

 
 
 
 

 
 
 
 
 
 

 
 
 

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Local Radar
Assumption, IL
Chg Zip Code: 
 
Radar
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Local Forecast
Assumption, IL
Chg Zip:

Wednesday

Thursday

Friday

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Sunday
High: 85°F
Low: 65°F
Precip: 41%
High: 69°F
Low: 60°F
Precip: 80%
High: 64°F
Low: 46°F
Precip: 0%
High: 59°F
Low: 42°F
Precip: 0%
High: 60°F
Low: 38°F
Precip: 0%
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Local Conditions
Assumption, IL
Chg Zip Code: 
Temp: 67oF Feels Like: 67oF
Humid: 76% Dew Pt: 59oF
Barom: 30.03 Wind Dir: S
Cond: N/A Wind Spd: 8 mph
Sunrise: 6:56 Sunset: 6:35
As reported at Myer’s Farms, IL at 8:00 AM
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Cash Bids

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Westervelt
Assumption
Owaneco
Palmer
Pana


DTN Grain News
DTN Early Word Grains 10/04 05:29
DTN Midday Grain Comments 10/03 10:53
DTN Closing Grain Comments 10/03 13:54
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Portland Grain Review 10/03
DTN Weather Trend Indicators 10/04 06:43
FARM MARKET NEWS - CORN REPORT FOR Tue, October 3
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, October 3
USDA Daily Market Rates 10/04

DTN Ag Headline News
View From the Cab
USDA Reports Summary
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2023 DTN Digital Yield Tour--September

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