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Futures
@C - CORN - CBOT
Month Last Change Open High Low Close Time More
Dec 17 352'0 1'6 349'6 352'2 349'4 350'2 02:38A Chart for @C7Z Options for @C7Z
Mar 18 364'4 1'4 362'2 364'6 362'2 363'0 02:38A Chart for @C8H Options for @C8H
May 18 372'6 1'4 370'4 373'0 370'4 371'2 02:38A Chart for @C8K Options for @C8K
@S - SOYBEANS - CBOT
Month Last Change Open High Low Close Time More
Nov 17 978'0 7'2 970'0 979'4 969'0 970'6 02:38A Chart for @S7X Options for @S7X
Jan 18 988'0 7'0 980'0 989'6 979'4 981'0 02:38A Chart for @S8F Options for @S8F
Mar 18 997'0 6'6 989'0 998'4 988'4 990'2 02:38A Chart for @S8H Options for @S8H
@W - WHEAT - CBOT
Month Last Change Open High Low Close Time More
Dec 17 454'6 2'2 452'4 454'6 452'2 452'4 02:38A Chart for @W7Z Options for @W7Z
Jul 18 497'6 1'4 495'6 498'2 495'6 496'2 02:38A Chart for @W8N Options for @W8N
@YM - E-MINI DOW JONES $5 - CBOT
Month Last Change Open High Low Close Time More
Dec 17 22300.00 - 33.00 22326.00 22334.00 22258.00 22333.00 02:37A Chart for @YM7Z Options for @YM7Z
My Custom Markets
Symbol Last Change Open High Low Close Time More

Closing Market Comments
9-21-17

 
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Corn futures closed fractionally higher today in a 3 cent trading range. Weakness Monday and Tuesday has given way to a sideways trade the past two sessions with CZ down roughly a nickel so far this week. Funds continue to hold an estimated short position of 125,000 contracts, waiting to see whether or not to add to or cover this position as harvest unfolds and more yield results become available. Harvest activity should pick up this weekend but it may be in the bean patch as corn is not drying to producer’s satisfaction in spite of the July type temperatures in much of the Midwest. (Tomorrow is the first day of Autumn!) Weekly export sales were a disappointing 20.7 mln. bu. with Japan and Mexico, as usual, the only buyers of note. YTD export sales commitments stand at 434 mln. bu. vs. 707 mln. bu. at this time last year. Brazil and Argentina continue to offer corn at cheaper values than the U.S. and is expected to continue through harvest. This was known before harvest but with better yield projections to go along with this corn basis is currently stagnant at best.



Soybeans closed fractionally higher in a 10 cent trading range today – a lot of work for not much change. Soybeans are chopping sideways and have gained roughly 2 cents so far this week. Funds are holding near even to slightly long (currently estimated: 5,000 contracts.) Good export demand continues to support soybeans as we continue to see daily announcements of beans sales - this morning another 132 tmt sold to China. Next week’s export sales report should be impressive. This week’s export sales report came in above expectations at 86.0 mln. bu. and brings YTD commitments to 710 mln. bu. This is 187 mln. bu. below last year’s level at this time but the gap is narrowing. PNW soybeans are the cheapest source for China and NOLA beans are competitive with S. America. Also supporting soybeans is dry weather in northern Brazil being at least somewhat worrisome. This could also be a problem for their second corn crop as well but it is too early for concern – it just bears watching. Brazil is expected to increase bean area by 2% in 17/18.

 

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