ACG Sunday 10-22-17 hours: Assumption and Pana Noon to 6:00 if no rain...... Noon to ?? if rain Owaneco 1:00 pm to 5:00 pm.-----??? if rain Palmer and Westervelt --- Closed
Futures
@C - CORN - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Dec 17
344'6
0'2
344'2
344'6
344'2
344'4
07:15P
Mar 18
358'4
0'0
358'2
358'4
358'0
358'4
07:15P
May 18
367'0
-0'2
367'0
367'2
367'0
367'2
07:15P
@S - SOYBEANS - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Nov 17
977'6
-1'0
977'0
978'2
976'0
978'6
07:15P
Jan 18
988'4
-0'6
987'4
989'0
986'6
989'2
07:15P
Mar 18
998'4
-0'6
997'6
998'6
996'6
999'2
07:15P
@W - WHEAT - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Dec 17
426'2
0'2
426'2
426'4
425'2
426'0
07:15P
Jul 18
472'6
0'2
472'0
472'6
472'0
472'4
07:16P
@YM - E-MINI DOW JONES $5 - CBOT
Month
Last
Change
Open
High
Low
Close
Time
More
Dec 17
23295.00
18.00
23272.00
23311.00
23265.00
23277.00
07:16P
My Custom Markets
Symbol
Last
Change
Open
High
Low
Close
Time
More
Closing Market Comments
10-20-17
Corn traded quietly in the overnight and seemed to be finding some support during the day session but this quickly eroded and corn closed 4 cents lower in a 6 cent range. For the week CZ lost 8 cents but still sits above the contract low of $3.42 on October 12th. Good yield reports and pressure in soybeans and soymeal weighed on corn today. Spain bought 120 tmt of U.S. corn and there was also an announcement of a sale of 125 tmt of U.S. corn to unknown destinations. We need to get U.S. corn harvested, but there is a story building in SA regarding Argentine corn acres being cut due to wet weather earlier in their planting season as well as dry weather in northern Brazil pushing back soybean planting which in turn will push back the second corn crop planting. Market driving news remained limited during this week of trade. Next week corn harvest should increase in speed and the trade will be anxious to see how yield reports hold up.
Soybeans seemed poised to make some gains today but quickly faltered and closed almost 8 cents lower today in a 6 cent trading range. Meal was $4.30 lower but oil was 33 points higher on some continued support from the bio-diesel storyline. Rapid harvest, good yields, and weaker basis may finally be impacting futures as we lost 21 cents in SX this week (though we still are well above pre-Oct 12th report levels.) China bot 198 tmt of U.S. soybeans overnight. Brazil is 20% planted vs. 19% avg. but behind last year’s 29%. Center West region well behind average but recent rainfall should help them make progress. U.S. soybean yields continue to remain robust but seed quality may be a problem in some areas in regards to protein content. We are seeing the quality discounts of NOLA and PNW vs. Brazil widen and meal exports will need to be watched going forward.
News from the Coop
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