Announcements

ALL LOCATIONS WILL BE CLOSED ON FRIDAY, APRIL 19, FOR GOOD FRIDAY

Futures
@C - CORN - CBOT
Month Last Change Open High Low Close Time More
May 19 358'4 0'2 358'0 359'2 357'0 358'4s 04/18 Chart for @C9K Options for @C9K
Jul 19 367'0 0'2 366'4 367'6 365'6 367'2s 04/18 Chart for @C9N Options for @C9N
Dec 19 386'2 -0'4 386'2 387'2 385'0 386'2s 04/18 Chart for @C9Z Options for @C9Z
@S - SOYBEANS - CBOT
Month Last Change Open High Low Close Time More
May 19 880'6 1'4 878'6 882'0 876'4 880'4s 04/18 Chart for @S9K Options for @S9K
Jul 19 894'4 1'6 892'4 895'4 890'2 894'2s 04/18 Chart for @S9N Options for @S9N
Nov 19 913'6 1'2 912'2 915'2 910'0 913'4s 04/18 Chart for @S9X Options for @S9X
@W - WHEAT - CBOT
Month Last Change Open High Low Close Time More
May 19 445'4 -2'6 447'2 448'2 439'2 444'2s 04/18 Chart for @W9K Options for @W9K
Jul 19 449'6 -2'0 450'0 451'4 443'2 448'2s 04/18 Chart for @W9N Options for @W9N
@YM - E-MINI DOW JONES $5 - CBOT
Month Last Change Open High Low Close Time More
Jun 19 26567.00 138.00 26434.00 26599.00 26311.00 26566.00s 04/18 Chart for @YM9M Options for @YM9M
My Custom Markets
Symbol Last Change Open High Low Close Time More

Closing Market Comments

4.18.2019

CORN

   Corn closed mixed and close to unchanged in what seemed a disinterested trade. Funds were sellers of 2,000 corn contracts at mid-day and hold an estimated record short position of 289,000 contracts. CK fell just over 2 cents this week but it felt like much more. U.S./China trade negotiations dragging on, S. America on line for good production, lower U.S. export demand compared to earlier expectations, U.S. weather expecting improvement, and 19/20 U.S. ending stocks currently estimated near 2.3 bln. bu. are all bearish factors that seemingly are overwhelming the marketplace. NWS May weather forecast shows average precip. in most of the corn belt and normal to above normal temps. This is welcome after what so far has been a cool/wet April. A continuation of this trend will be an issue after planting, but we’ll worry about that once we get there. U.S. trade delegation heading to China at the end of April – maybe a resolution by the end of May? Trade obviously would have liked a quicker announcement. Weekly export sales at the upper end of estimates at 37.3 mln. bu. with YTD commitments at 1.759 bln. bu. vs. 1.940 bln. bu. last year. Columbia, Japan, and Mexico the buyers of note   

 

 

 

SOYBEANS

  Soybeans closed 1-2 cents firmer today in light trade. Funds are estimated short 86,000 soybean contracts. SK fell 15 cents this week. Brazil is approaching 90% harvested in soybeans with production estimates gravitating to the 115 MMT area. Argentine production in the 55-56 MMT range. No worries over production. U.S. soybean acres may adjust upwards if corn planting delayed and when coupled with ample 18/19 ending stock of 895 mln. bu., there’s not much market urgency. 19/20 ending stocks are currently estimated at 875 mln. bu. China did not come in for a big purchase this week, not that that is a huge surprise. Weekly soybean export sales came in at 14.0 mln. bu. and bring YTD commitments to 1.627 bln. bu. vs. 1.983 bln. bu. last year. Talk continues regarding the decline of China’s hog herd due to ASF. Estimates of the losses are very erratic, but the general consensus is that the rest of the world combined can’t begin to cover them regarding pork exports to China. How this impacts SB and SBM demand still very much an unknown.


   

  

 

  
 
  

 


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