Pre-report positioning pushes ag futures higher | 2021-09-30

152
SHARES
1.9k
VIEWS


Chicago corn futures chart

Recap for September 29

  • Futures largely superior Wednesday in range-bound exercise as merchants adjusted positions in time for the Sept. 30 launch of key USDA quarterly Grain Shares and annual Small Grains Abstract reviews. Pre-report positioning was behind corn and soybean futures’ features. Winter wheat futures have been increased for a similar purpose, though features have been restricted by a strengthening US greenback, and spring wheat futures have been largely decrease. December corn added 6½¢ to shut at $5.39 a bu. Chicago December wheat added 3¾¢ to shut at $7.10¼ a bu. Kansas Metropolis December wheat added 6¾¢, closing at $7.11¾ a bu. Minneapolis December wheat dropped 3¾¢ to shut at $9.03½ a bu with later months blended however largely decrease. November soybeans climbed 6¾¢ to shut at $12.83¾ a bu. October soybean meal was up 80¢ at $338.10 per ton. October soybean oil edged up 0.01¢ to settle at 57.78¢ a lb.
  • After a uneven buying and selling session, US fairness markets closed blended. The tech-heavy Nasdaq eased, whereas the Dow industrials gained. Buyers nabbing discounted shares helped the S&P 500 earn again a number of the losses sustained in the day gone by’s rout, a 1.3% decline that was the worst in a single day since Could. The Dow Jones Industrial Common added 90.73 factors, or 0.26%, closing at 34,390.72. The Customary & Poor’s 500 Index edged up 6.83 factors, or 0.16%, to shut at 4,359.46. The Nasdaq Composite misplaced 34.24 factors, or 0.24%, to shut at 14,512.44.
  • US crude oil futures continued decrease Wednesday, the November contract was down 46¢ at $74.83 per barrel.
  • The US greenback index, after seesawing between features and losses final week, superior Wednesday for a fourth straight session.
  • US gold futures continued to say no because the US greenback strengthened Wednesday. The October contract was down $14.40 to $1,721.50 per oz.

Recap for September 28

  • Bond yields got here near three-year highs, deepening a rout in shares of massive expertise corporations Tuesday and pulling US fairness markets sharply decrease for the day. The Dow Jones Industrial Common dropped 569.38 factors, or 1.63%, closing at 34,299.99. The Customary & Poor’s 500 Index declined 90.48 factors to shut at 4,352.63. The Nasdaq Composite misplaced 423.29 factors, or 2.83%, to shut at 14,546.68.
  • A strengthening US greenback, weakening crude oil futures and harvesttime promoting helped ship corn futures 1% decrease Tuesday. Soybean and wheat futures adopted the weaker pattern. December corn fell 7¢ to shut at $5.32½ a bu. Chicago December wheat fell 15¾¢ to shut at $7.06½ a bu. Kansas Metropolis December wheat additionally declined 15¾¢, closing at $7.05 a bu. Minneapolis December wheat dropped 14¼¢ to shut at $9.07¼ a bu. November soybeans dropped 10½¢ to shut at $12.77 a bu. October soybean meal was regular at $337.30 per ton, with later months largely decrease. October soybean oil fell 0.53¢ to settle at 57.77¢ a lb.
  • US crude oil futures turned decrease Tuesday, a day after reaching the very best ranges since October 2018. The November contract was down 16¢ at $75.29 per barrel.
  • The US greenback index superior Tuesday for a 3rd straight session.
  • US gold futures declined Tuesday because the US greenback continued increased. The October contract was down $14.10 to $1,735.90 per oz.

Recap for September 27

  • US crude oil futures continued to swing increased, reaching the very best ranges since October 2018. The November contract was up $1.47 at $75.45 per barrel.
  • Corn futures superior Monday rallying off early declines by way of assist from tight home money markets and crude oil spillover energy. China booked a number of cargoes of soybeans and despatched the oilseed’s futures increased. After a session of uneven buying and selling, wheat futures have been blended. December corn added 12¾¢ to shut at $5.39½ a bu. Chicago December wheat fell 1½¢ to shut at $7.22¼ a bu; July 2022 and contracts additional ahead have been increased. Kansas Metropolis December wheat added 1¢, closing at $7.20¾ a bu; July 2022 and contracts additional ahead have been decrease. Minneapolis December wheat gained 5½¢ to shut at $9.21½ a bu. November soybeans added 2½¢ to shut at $12.87½ a bu. October soybean meal was up $1.20 to shut at $337.30 per ton. October soybean oil added 0.33¢ to settle at 58.30¢ a lb.
  • US fairness markets have been blended to open the week. The Dow industrials common superior on the energy of shares of economic and vitality corporations concurrent with an increase in crude oil costs. Different shares that align carefully with the financial system, together with producers, mining corporations, casinos and retailers, superior. However different development and tech shares declined, together with Alphabet because the behemoth started an enchantment to overturn a $5 billion antitrust tremendous imposed by the European Union. The Dow Jones Industrial Common added 71.37 factors, or 0.21%, closing at 34,869.37. The Customary & Poor’s 500 Index declined 12.37 factors, or 0.28%, to shut at 4,443.11. The Nasdaq Composite misplaced 77.73 factors, or 0.52%, to shut at 14,969.97.
  • After flipping every day between features and losses final week, the US greenback index superior Monday for a second straight session.
  • US gold futures superior Friday even because the US greenback continued increased. The October contract was up 30¢ to $1,750 per oz.

Recap for September 24

  • Because the market parsed blended international manufacturing prospects and brisk export demand, spring wheat and tender purple winter wheat futures closed largely increased whereas exhausting purple winter wheat contracts eased. Corn futures eased underneath harvest strain that offset underlying assist from a good provide image. Soybean futures traded either side of even and ended the week with blended closes. December corn fell 2½¢ to shut at $5.26¾ a bu. Chicago December wheat added 6¢ to shut at $7.23¾ a bu; later months have been blended. Kansas Metropolis December wheat was down ¼¢, closing at $7.19¾ a bu. Minneapolis December wheat superior 4½¢ to shut at $9.16 a bu; later months have been blended. November soybeans edged up ¾¢ to shut at $12.85 a bu; later months have been blended. October soybean meal fell 50¢ to shut at $336.10 per ton. October soybean oil added 0.87¢ to settle at 57.97¢ a lb.
  • In a quiet shut of an eventful week in US fairness markets, the DJIA and S&P 500 every pulled increased Friday, posting weekly features regardless of lingering uncertainty concerning China Evergarde Group, the indebted property big that sparked a wave of promoting firstly of the week. The Dow Jones Industrial Common added 33.18 factors, or 0.10%, closing at 34,798.00. The Customary & Poor’s 500 Index added 6.50 factors, or 0.15%, to shut at 4,455.48. The Nasdaq Composite fell 4.54 factors, or 0.03%, to shut at 15,047.70.
  • US crude oil futures’ restoration from an early-week downshift continued into the weekend, the November contract was up 68¢ at $73.98 per barrel.
  • The US greenback index superior Friday.
  • US gold futures superior Friday regardless of the US greenback turning increased. The October contract was up $2 to $1,749.70 per oz.

Recap for September 23

  • Buyers despatched US fairness markets sharply increased Thursday, signaling rising confidence the financial restoration can stand up to each the drawdown of Federal Reserve pandemic stimulus efforts and fireworks in Chinese language property markets. Together with the worth of oil, vitality firm shares pulled increased, main features among the many S&P 500’s 11 sectors with a 3.4% enhance. The Dow Jones Industrial Common added 506.50 factors, or 1.48%, closing at 34,764.82 and notching its largest two-day rally since July. The Customary & Poor’s 500 Index added 53.34 factors, or 1.21%, to shut at 4,448.98. The Nasdaq Composite added 155.40 factors, or 1.04%, to shut at 15,052.24. All three indexes have been increased for the week.
  • US crude oil futures’ restoration from an early-week downshift continued Thursday, pushing the commodity close to a three-year excessive. The November contract was up $1.07 at $73.30 per barrel.
  • Wheat futures superior throughout the board for the second straight day on Thursday. Assist was drawn from indications of world demand seen in export gross sales of US wheat concurrent with continued concern over provide. Corn futures continued to advance with spillover assist from oats, a commodity going through provide shortfalls as a result of drought within the Higher Midwest and Canada. Stronger wheat and corn futures helped soybean futures overcome harvest strain. December corn added 3¾¢ to shut at $5.29¼ a bu. Chicago December wheat jumped 12¢ to shut at $7.17¾ a bu. Kansas Metropolis December wheat was up 14¢, closing at $7.20 a bu. Minneapolis December wheat superior 8¢ to shut at $9.11½ a bu. November soybeans edged up 1½¢ to shut at $12.84¼ a bu. October soybean meal fell $1.30 to shut at $336.60 per ton. October soybean oil added 0.71¢ to settle at 57.10¢ a lb.
  • The US greenback index maintained its see-saw sample established this week with a decrease shut Thursday.
  • US gold futures declined Thursday regardless of the US greenback turning decrease. The October contract was down $29 to $1,747.70 per oz.

Ingredient Markets



Source link

Next Post

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.